Africa’s classifieds group, One Africa Media is in talks to acquire a part of Zimbabwe’s classifieds company, Webdev, Techzim reports.

The deal in itself has not been concluded as Webdev said that it will only sell a stake of the company to One Africa Media who operates and invest in a portfolio of market leading online marketplaces in the segments of employment, cars, property and travel throughout Africa.

According to the media statement from Webdev’s Sales and Operations director, Vusi Ndebele, “We acknowledge the media reports circulating which imply that Webdev was acquired by One Africa Media (OAM) Group in 2014. We can confirm that we are very close to concluding an agreement which will result in OAM Group holding an equity stake in Webdev and its associated online businesses.”

Bolade Popoola Author

Get the best African tech newsletters in your inbox