Investment
Prosus buys edtech GoodHabitz for R3.5-billion
Naspers spin-off Prosus has acquired a majority stake in GoodHabitz, a European provider of online training for businesses, for €212-million.
Browsing: Naspers
Investment
Naspers takes part in R200m funding round in WhereIsMyTransport
Naspers is participating in a R201-million funding round involving Cape Town-founded start-up WhereIsMyTransport, along with fellow investors Cathay AfricInvest Innovation Fund and SBI Investment.
News
Prosus to acquire Stack Overflow for $1.8-billion
Naspers-controlled Internet investment firm Prosus has agreed to acquire Stack Overflow, a platform used by software developers, for $1.8-billion.
Investment
‘Idiotic’: Swiss investor lashes Prosus, Naspers plan
A Swiss-based investment management firm says the proposed share swap between Naspers and Prosus is an “idiotic idea” that is certain to increase the discount with Tencent.
In-depth
Tencent is a R600-billion headache for its biggest backer
For now, Naspers and Prosus CEO Bob van Dijk has managed to figure out a short-term fix for his problem. Eventually he’ll need to think longer term. By Alex Webb.
In-depth
Latest Naspers value-unlock plan met with investor scepticism
Ultimately, investors may have to learn to live with the valuation gap between Naspers and Tencent. And management may have to ignore complaints about it and focus on growing Prosus’s investments.
Investment
Prosus to buy up Naspers stake in major overhaul
Prosus on Wednesday announced plans to acquire up to 45.4% of shares in parent Naspers in a deal aimed at moving part of the value of their massive stake in Tencent to Europe from Africa.
E-commerce
Transaction Capital in talks to take control of WeBuyCars
JSE-listed Transaction Capital said on Wednesday that it is in talks to increase its stake in WeBuyCars to 74.9%, a move that will give it control over the South African online car marketplace.
In-depth
Bob van Dijk’s big challenge: Convincing investors of his strategy for Prosus
Prosus suffers from the same problem as Manchester City Football Club: Because everyone knows it has access to vast amounts of capital, it’s always at risk of overpaying for acquisitions.
Investment
Naspers investors want big deals, share buyback after Tencent windfall
Investors in Naspers said on Thursday they want proceeds from a $14.7-billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions or a share buyback.