Naspers plans to purchase more e-commerce companies

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Naspers plans to purchase more e-commerce companies after making R4.7b in acquisitions in the 6 months leading up to September this year.

Naspers CEO Koos Bekker says the company will make as many as 20 more acquisitions in e-commerce leading up to March of 2013.

Naspers CFO Steve Pacak has told Business Report that the company had found e-commerce companies to be more reasonably priced in the first seven or eight months compared to the previous year.

He said sellers had dropped their price expectations following the less than anticipated results of Zynga, Groupon and the Facebook initial public offering.

Naspers e-commerce revenue increased by 61% to nearly R4b.