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Naspers increases stake in Delivery Hero to 23.6%

Global Internet and entertainment group Naspers has increased its stake in online food ordering and delivery marketplace, Delivery Hero to 23.6%, thereby making it the largest shareholder. The company will buy 22,359,857 shares of Delivery Hero from Rocket Internet for €660 million (USD775 million) at a price of €29.50 per share. The deal is subject to regulatory approval and is expected to be completed in the first quarter of 2018. Thrilled to announce Naspers spent $775M to increase stake in #Deliveryhero, online food ordering leader #VC #techhttps://t.co/xXKzqgYjzN pic.twitter.com/pYAFnVUTFR — Naspers Ventures (@NaspersVentures) September 28, 2017 This is Naspers' second investment in Delivery Hero, following the $421.3 million it had invested in the company, in May 2017. Following this investment, it held a 10.6% stake. Note that Rocket Internet's Delivery Hero had acquired group company Foodpanda, in December last year. At the time, Rocket…

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