World of Avatar has acquired 90% of South Africa based MXit for an undisclosed amount. Mxit currently has 43 million registered users in over 120 countries. Basically making it the largest Africa mobile social network. The founder of World of Avatar Alan Knott Craig will replace the Herman Heunis as the CEO of the company.
Great lesson from the down South.
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wow….this are the stories we need to give us inspiration.well done to them….though i wish you knew the sum
I am still trying to see if i will get the amount. That aside, I agree with you, this is a big lesson for Kenyan developers. Money is here and it is a matter of just getting it right
Now look at Iborian and Zunguka, still laying low. :(
iborian yeah..coming up soon with slightly new concept