Naspers subsidiary and online payment firm PayU has acquired Israeli payment technology provider Zooz in a deal rumoured to be worth between $80m and $100 m. PayU did not disclose financial details, but said the purchase brought its spending to $350m since 2016. Following completion of the deal, Zooz will be wholly owned by Naspers, an Internet and entertainment group. The acquisition of Zooz, which was founded by former Google engineer Eyal Ben-Reuven, is part of an effort by Naspers, one of Israel’s largest banks, to expand into new areas such as digital
Naspers subsidiary and online payment firm PayU has acquired Israeli payment technology provider Zooz in a deal rumoured to be worth between $80m and $100 m. PayU did not disclose financial details, but said the purchase brought its spending to $350m since 2016. The acquisition of Zooz, which was founded by former Google engineer Eyal Ben-Reuven, is part of an effort by Naspers, one of Israel’s largest banks, to expand into new areas such as digital