India: Naspers in talks to acquire stake in Dream11 for $100m

Photo: Bloomberg

South Africa’s Naspers Ltd is in talks to buy a stake worth about $100 million in online fantasy gaming startup Dream11 from Kalaari Capital, Think Investments and Multiples Alternate Asset Management, said two people aware of the matter.

Following bumper earnings from the Cricket World Cup and Indian Premier League, Dream11 is now seeking a valuation of $2.5 billion, more than double the $1.1 billion it was valued at in April, the people said on the condition of anonymity.

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