Prosus in negotiations to sell Olx Autos business in India and other markets

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  • Prosus is in talks to explore the sale of Olx’s classified Autos business in multiple markets, including India and Indonesia.
  • According to a source familiar with the matter, Prosus is actively engaging with potential buyers.
  • Prosus released a statement saying that pursuing a global growth strategy for Olx’s automotive business is no longer the right approach.