Naspers will list on its consumer Internet business on Amsterdam’s Euronext exchange on 17 July, subject to market conditions, in a bid to unlock shareholder value.
Browsing: Naspers
In the podcast this week, Duncan McLeod and Regardt van der Berg discuss MTN’s decision to back down, under consumer pressure, over its plan to introduce an opt-out-only out-of-bundle service.
The Competition Commission has moved to block Naspers’s proposed R1.4-billion acquisition of a 60% stake in WeBuyCars.
Tencent Holdings’ quarterly earnings beat estimates, boosted by gains on investments, giving shareholders much-needed assurance the Chinese gaming behemoth is bound for a revival.
Picture essay | Takealot.com, the online retailer controlled by Naspers, has officially launched its flagship customer collections point on the New Road Bridge in Johannesburg.
Naspers, the most valuable company on the JSE, will prioritise investments in classifieds, financial technology and food — activities that it could possibly hive off with separate share listings in the right circumstances.
The perennial worry about European technology is that there isn’t a consumer-facing giant to rival the size of Apple, Google, Facebook and Amazon.com. In one fell swoop, it’s about to get one. Sort of.
Naspers CEO Bob van Dijk has been working for years to solve a problem rivals might envy – getting investors to value the South African firm nearer to its $133-billion stake in Tencent. A plan for a Dutch listing is his boldest step yet.
TechCentral editor Duncan McLeod spoke to Naspers chief financial officer Basil Sgourdos about the group’s plans to list its international consumer Internet businesses in Amsterdam and what happens next.
Naspers, the biggest investor in Chinese tech giant Tencent, is spinning off its main Internet businesses in Amsterdam in a push to boost its value.