Naspers is cashing in a sliver of one of the greatest venture capital investments ever. The Cape Town-based company is selling R126bn of shares in Tencent Holdings, equal to 2% of the stock in the Chinese operator
Browsing: Naspers
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 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
Naspers is asking Investec to withdraw an analyst report that it says contains errors and has damaged Africa’s biggest company by market value and its shareholders. In a 22 January report, Investec analysts said the Cape Town-based
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
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
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
Over the past five years, JSE-listed Naspers was the third-fastest growing technology stock in the world with a current market valuation above US$100bn, pipped only to the post by Tencent, in second place, in which it has a 33.2% stake
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, 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