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Prosus are certainly not sitting still. This morning they announced another deal, this time in Brazil. OLX Brazil which is 50% owned by Prosus is purchasing Grupo ZAP for $650 million (R10bn). In case you forgot, OLX is the biggest online classified business in Brazil. Grupo ZAP specialises in online real estate. OLX feels that the combination of site traffic, properties, product and technology between the two companies is very beneficial.
Grupo ZAP has over 12 million listings from over 40 000 real estate agencies and thousands of private listers. It already has 28 million visitors a month and revenues of $48m last year.
We are happy to see the Prosus team working hard at building their global online portfolio.
