Browsing: Bob van Dijk
Naspers CEO Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value the South African firm nearer to its $133-billion stake in Tencent. A plan for a Dutch listing is his boldest step yet.
Naspers, the biggest investor in Chinese tech giant Tencent, is spinning off its main Internet businesses in Amsterdam in a push to boost its value.
MultiChoice Group made its market debut in Johannesburg on Wednesday morning as a JSE Top40 company with a market capitalisation of about R44-billion shortly after 9am.
Naspers said on Friday that it is investing almost $1.2-billion (about R16-billion) to buy an additional 29.1% stake in Russian classifieds business Avito.
Naspers said on Friday that it will invest R1.4-billion to help South African technology entrepreneurs grow their start-ups and will invest R4.6-billion over the next three years in the local technology sector.
Naspers has announced a management shake-up at MultiChoice, with the creation of a new MultiChoice Group business (formerly Naspers Video Entertainment), which will be headed by Calvo Mawela.
Discarded by its globe-trotting parent Naspers after more than three decades, African pay-television heavyweight MultiChoice Group is facing an uncertain future.