MercadoLibre to acquire stake in digital ad company

MercadoLibre to acquire stake in digital ad company

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MercadoLibre, the biggest e-commerce company in Latin America, said on Wednesday that it has agreed to acquire a stake in the US digital media company Aleph Holding for $25 million, a latest deal in the online services industry in the region. The Buenos Aires-based company said the proposed purchase of the undisclosed stake in Miami-based Aleph will allow it to develop new business opportunities in digital advertising, according to a press release. The deal is expected to close by the end of the

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