Antione Roux, CEO of Naspers’ internet operations says that the 30% buyout of Mail.ru is as much about getting a foothold in the Russian economy as it is about buying Mail.ru which has email, blogs, video sharing and news, reports Business Day. In an interview with Bruce Whitfield, he lays out their overall strategy: “Naspers has made it very clear over the years, we have a strategy invested in the ‘Bricsa': Brazil, Russia, India, China and Sub Sahara Africa in all the segments of the media sector.” Roux also told Business Day: “We talk of it being a few years before we reach break-even in India.”
So, how much money have they invested in India? Globally, the MIH Group includes pay tv, internet, instant messaging and technology, of which they’ve only unveiled the Internet products in India.
Related:
– Paidcontent: Naspers Acquires 30 Percent Of Russian Portal Mail.ru For $165 Million
– MIH Launches Great Indian Blogger Hunt; Acquisition Soon; Plans Q&A, Local Language & SMS Blogging
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