Vivendi is in talks to sell 10% of Universal Music Group to China’s Tencent, helping the world’s biggest music company expand in fast-growing Asian markets. Vivendi shares rose as much as 9%.
Browsing: Naspers
Naspers has corrected a problem that forced Africa’s biggest company to delay a planned listing of Internet assets in Amsterdam, sending mail to the right addresses to reach shareholders.
MultiChoice Group executive chairman Imtiaz Patel received almost $1.5-million (about R21.4-million at the time of writing) in base salary, bonuses, pension and short-term incentives in the 2019 financial year.
Naspers said on Thursday that it’s leading a new investment round, worth $30-million, in Polish-founded peer-to-peer learning community Brainly. Other investors are Runa Capital and Manta Ray.
Bob van Dijk received almost R1.9-billion in salary, incentives, and vested share options and shares appreciation rights in the year to March 2019, a regulatory filing published on Friday shows.
A finding by the commission last week regarding MTN’s empowerment scheme’s contravention of the B-BBEE Act will have wide implications for similar schemes operated by other listed companies.
When Walmart paid $16-billion for control of India’s e-commerce pioneer Flipkart Online Services from investors, including Naspers, last year, the US retail giant got a little-noticed digital payments subsidiary as part of the deal.
Naspers’s global fintech company, PayU, is expanding into Southeast Asia with the acquisition of Singapore-based Red Dot Payment.
A little more than 100 years ago, Naspers was created by white South Africans to produce a Dutch-language newspaper. Now the continent’s biggest company, Naspers just named its first woman, and first black person, as CEO.
Naspers has appointed Phuthi Mahanyele-Dabengwa as CEO of its South Africa business. It’s a newly created executive position, and Mahanyele-Dabengwa will report directly to CEO Bob van Dijk.