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Knott-Craig speaks out on the MXit deal

23 Sep 2011

World of Avatar, the technology investment vehicle headed by Alan Knott-Craig Jnr, said on Thursday, 22 September 2011, that it is buying social media and instant messaging platform MXit from media group Naspers and the service's founder, Herman Heunis. But does the deal make sense?

TechCentral asked Knott-Craig to explain the rationale for the acquisition, which is still subject to the fulfilment of certain conditions, and whether MXit can see off the threat from international messaging services.

Read the full interview on www.TechCentral.co.za.

Source: TechCentral

Founded by Duncan McLeod, TechCentral is the leading quality news and information resource for people involved in South Africa’s fast-growing information and communications technology industry and those interested in the fast-changing world of information technology. It provides quality news, reviews and comment relevant to its quickly expanding audience. Follow TechCentral on Twitter at TechCentral, become a Facebook fan and subscribe to the daily newsletter.

Go to: http://www.techcentral.co.za

Duncan McLeod

About Duncan McLeod: @mcleodd

Award-wining Duncan McLeod is the founder and editor of TechCentral (wwwTechCentral.co.za, @TechCentral]]), South Africa's latest technology news site offering breaking news, in-depth analysis and opinion that launched in September 2009. Before that, he was associate editor at the Financial Mail/FM. Contact Duncan on email duncan at techcentral dot co dot za and follow him on Twitter at @mcleodd.