Browsing: Naspers

Naspers to sell R126bn stake in Tencent

Naspers plans to lessen its exposure to China’s Tencent by reducing its stake from 33.2% to 31.2%, the JSE-listed technology and media group said in a statement to shareholders on Thursday. It will dispose of up to 190m shares

Tencent drops after warning on profit margins

Tencent Holdings slid in Hong Kong on Thursday after Asia’s most valuable company warned that growing investments in content and technology will compress margins. Its shares fell 2.4 percent in early trade, shaving

MultiChoice pulls the plug on ANN7

MultiChoice admitted on Wednesday that “mistakes” were made in contractual negotiations with the formerly Gupta-owned 24-news channel ANN7 and that the agreement will be terminated when the deal expires in August 2018. The channel

TalkCentral: Ep 205 – ‘Discording’

Regardt van der Berg is in Cape Town this week, while Duncan McLeod is holding the fort in Johannesburg. They talk, using an app called Discord, about the week’s biggest technology news, including UK Prime Minister

Naspers unit buys anti-piracy firm

Irdeto, a subsidiary of JSE-listed Naspers, has acquired anti-piracy specialist Denuvo, which works with videogame giants such as Electronic Arts and UbiSoft. Denuvo provides technology and services for game publishers

Tencent video site said to seek $17bn valuation

Tencent-backed Chinese start-up Kuaishou is seeking to raise funds at about a US$17bn valuation, people familiar with the matter said, as it expands its video-streaming service to Southeast Asia. The company is targeting around $1bn

John Kotsaftis leaves Showmax for Fox Networks

John Kotsaftis, the founder and CEO of Showmax, has quit the video-on-demand streaming service provider owned by Naspers to join Fox Networks Group Asia, based in Singapore, where he will lead the development of subscription VOD

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