Bob van Dijk on why Naspers sold 2% of Tencent - TechCentral

Bob van Dijk on why Naspers sold 2% of Tencent

Naspers CEO Bob van Dijk

Late on Friday, Naspers CEO Bob van Dijk and chief financial officer Basil Sgourdos spoke to analysts about the group’s decision to sell 2% of its stake in Chinese Internet giant Tencent.

Van Dijk explained the rationale for the sale and what the JSE-listed Internet and media group intends to do with the proceeds. Naspers sold 190m Tencent shares, reducing its stake from 33.2% to 31.2%, yielding US$9.8bn.

Listen to the full call below.

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