Naspers and its European spin-off, Prosus, expect full-year core headline earnings to jump by up to 28%.
Browsing: Naspers
Naspers’s Prosus is slashing the Brazilian business’s profit forecast to defend it from well-funded competitive rivals.
Prosus is selling a 5% Delivery Hero stake to Aspex Management to fulfil European Commission commitments.
Steve Pacak spent nearly four decades at Naspers, joining pay-TV subsidiary M-Net in 1988.
Prosus has sold a 4.5% stake in Delivery Hero to Uber, advancing on commitments to the European Commission.
JSE-listed technology and telecommunications companies generate a combined R2.2-billion in revenue daily.
Prosus plans to sell more than $2-billion in non-strategic and underperforming assets this financial year.
The three-year global partnership agreement will scale the use of AI across Prosus portfolio companies.
Naspers and Prosus chairman Koos Bekker has sold shares in both companies worth about R2.5-billion over three trading days.
Coursera will acquire rival Udemy in an all-stock deal, valuing the combined company at $2.5-billion.