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Alibaba, eBay, CVC bid for Poland's Allegro - report

Thursday 28 July 2016 | 14:22 CET | News
Alibaba, eBay, and private equity firm CVC Capital Partners are among the bidders for Eastern European auction website Allegro from South Africa's Naspers, according to Reuters citing sources. The deal may be worth between EUR 2 and EUR 3 billion and is expected to close by the end of 2016, market sources said. Among the companies that could also be interested are Polish online groups Wp.pl, owned by Innova Capital, and Onet.pl, controlled by Ringier Axel Springer, some of the sources said. Allegro has over 14 million clients and is competing with local rival and also Naspers-owned Olx.pl, as

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Categories: Internet
Companies: Alibaba / Amazon / Axel Springer / Ebay / Naspers / Onet.pl / Ringier
Countries: Poland
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