Deals
Naspers Said to Eye Fintech Deals in $1 Billion India Push
- Investment group is said to hold talks on two fintech firms
- Africa’s largest company seeks another blockbuster investment
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Naspers Ltd. wants to spend about $1 billion in India this year as it scours the globe for investments that can replicate its blockbuster bet on China’s Tencent Holdings Ltd., a person familiar with the matter said.
Africa’s largest company by market value is in talks to inject about $200 million into business loan provider Capital Float and payments security firm Wimbo as a first step, according to two people with knowledge of the discussions, who asked not to be identified as the talks are private.