Infibeam Avenues Takes Control of Rediff.com with $3 Million Stake Acquisition
Friday, 2 August 2024, 11:08
Infibeam Avenues Acquires Rediff.com
The recent acquisition of a majority stake in Rediff.com by Infibeam Avenues has raised eyebrows in the market. Infibeam has purchased a 54% stake in Rediff for up to $3 million.
Impact on Rediff.com
- This deal represents a dramatic turn for Rediff, a site that once stood as a pioneer in the Indian internet services market.
- Infibeam Avenues aims to leverage Rediff's brand and heritage to expand its service offerings.
Conclusion
The acquisition signifies a new chapter for Rediff.com, with hopes pinned on Infibeam's expertise to rejuvenate its business model and regain market relevance.
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