Naspers is exploring a $100m secondary investment in the fantasy sports platform, though corporate backer Tencent does not appear to be among the likely sellers.

Media and e-commerce group Naspers has begun discussions to purchase a stake worth approximately $100m in India-based fantasy sports platform Dream11 through a secondary share transaction, LiveMint has reported. Kalaari Capital, Think Investments and Multiples Alternate Asset Management are expected to be among the investors considering exits. Dream11 is targeting a $2.5bn valuation for the…

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