Silvertree takes full control of DealDey as Ringier exits to focus on publishing & classifieds

Silvertree Internet Holdings has taken over the operations of Nigeria’s daily deals site DealDey as Ringier refocuses on its forte, publishing, classifieds and marketing, TechMoran has learned.

DealDey, jointly acquired by Ringier AG and South African Silvertree Internet Holdings in March 2016, was launched in 2011 by serial entrepreneur Simdul Shagaya with funding from Investment AB Kinnevik.

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