South African media company Naspers announced today the acquisition of 91% of the share capital of Brazilian e-commerce group BuscaPé.com Inc. for an amount of US$342m.
Buscapé, which started as comparison shopping ten years ago, currently is Latin America’s top such network for new and used goods and one of the region’s best-known internet brands. It is the exclusive provider of comparison shopping solutions to more than 100 portals and websites in Latin America, including Microsoft, Globo and Abril, with over 10 million products and over 320 000 online and offline stores.
In recent years BuscaPé acquired a competitor, Bondfaro. It also expanded with QueBarato, the leading free-classifieds network in Latin America. Electronic payments can be done with Pagamento Digital. In addition it has an affiliate advertising network named Lomadee, an e-commerce research business, eBit, and a fraud risk assessment service, FControl.