Carousell, SE Asia's biggest classifieds site, to merge with Telenor's 701Search; Telenor will invest $20M and have 32% stake in merged company valued at $850M+ (Yoolim Lee/Bloomberg)

Yoolim Lee / Bloomberg:
Carousell, SE Asia's biggest classifieds site, to merge with Telenor's 701Search; Telenor will invest $20M and have 32% stake in merged company valued at $850M+  —  - The equity and cash deal gives Telenor 32% in combined company  — Telenor's 701Search has business in Malaysia, Myanmar, Vietnam