Browsing: Bob van Dijk

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ShowMax seeking new telco partnerships

Naspers, Africa’s biggest company by market value, is seeking partnerships with mobile phone operators on the continent to boost its video-on-demand business and help compete with US giant Netflix. The owner of Africa’s biggest pay-TV provider

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Naspers sees education as new growth market

Naspers plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on China’s Tencent. The owner of Africa’s biggest pay-television

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The 81 CEOs who pledged support for Pravin

In a dramatic move of support for Pravin Gordhan, 81 CEOs pledged support for the finance minister days before he presents his mini budget and a week before he appears in court on fraud charges. “We stand as one for the rule

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Naspers sells Allegro for R46bn

Cinven, Permira and Mid Europa Partners agreed to buy Naspers’s Polish online auction site Allegro for almost US$3,3bn (R46,4bn), taking on rivals such as eBay in the Eastern European country

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Naspers hikes CEO’s pay as profit rises

Naspers increased the compensation of CEO Bob van Dijk by 5% as the company prepares to further boost its international Internet business in the face of falling pay-television customers in sub-Saharan Africa. Van Dijk was paid US$1,67m

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Pay-TV pressures weigh on Naspers

Naspers is seeking to further boost its international Internet business as it grapples with falling pay-television subscription numbers in sub-Saharan Africa. The company, which usually spends half a billion dollars

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Tencent, e-commerce lift Naspers

Chinese Internet giant Tencent and e-commerce businesses have helped lift Naspers’s revenues by 6% to US$12,2bn for the financial year ended 31 March 2016. In its full-year results, Naspers reported on Friday that its

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Naspers pumps R3,9bn into India’s ibibo

Naspers has announced it is investing a further US$250m (about R3,9bn) in Indian online travel venture ibibo Group. The investment will be focused on extending ibibo’s leadership position in the Indian hotels category and on additional

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Naspers seeks R36bn for acquisitions

Naspers plans to sell 17,1m ordinary shares in order to raise US$2,5bn (about R36bn), the company announced on Friday. Naspers said in a statement that it will use the

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Avito, Tencent fuel Naspers share surge

It’s no surprise that Internet and media group Naspers on Friday announced a US$1,2bn (R16bn) deal to become the largest shareholder in Avito, the leading online classifieds platform in Russia, Mof Terreblanche, a director of Stonehage Investment Partners, said on Friday

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