Browsing: Naspers

Meet Naspers’s geek in chief

DStv Online CEO John Kotsaftis, 41, is the quintessential geek. He tells me as much when I sit down to interview him in one of the boardrooms at DStv Online’s offices in Randburg, Johannesburg. His love of technology started with a friend’s gaming console. “He got an Atari

MultiChoice in Botswana competition probe

Pay-television operator MultiChoice is facing an investigation by Botswana’s Competition Authority over whether its prices and the way it structures its channels amounts to anticompetitive behaviour. According to a report, the decision to launch the probe follows a complaint laid by a member of the

Tencent boom for Naspers

Naspers’s decision, 12 years ago, to buy a stake in Chinese instant-messaging, entertainment and online advertising company Tencent continues to pay big dividends for the South African-headquartered media and technology group. Financial results published on Tuesday

Naspers in R1bn India deal

Naspers and Tencent, in which it holds a 34% stake, has acquired Indian online ticketing company RedBus through their joint venture company Ibibo. The value of the deal has not been disclosed, but reports suggest the value the deal was over US$100m (R1bn). The Times of India reported on

MultiChoice may face antitrust probe

Naspers-controlled pay-TV operator MultiChoice, which owns DStv and SuperSport, may soon face a probe by South Africa’s competition authorities after rival On Digital Media (ODM), which owns TopTV, accused it of anticompetitive abuses. TechCentral can reveal exclusively

Naspers leaps on Tencent numbers

Media and technology group Naspers’s share price touched fresh record highs on Wednesday after China’s largest Internet company, Tencent, in which it holds a 34% stake, beat analysts’ expectations in the first quarter. According to Bloomberg, net income of just over 4 billion

Koreans in new talks with Telkom

Korea’s KT Corp appears once again to be in discussions with Telkom, this time over the sale of the partially privatised South African telecommunications operator’s Internet service provider assets elsewhere in Africa. According to a report in Korea IT Times

MultiChoice to help in TopTV rescue bid

DStv operator MultiChoice, which is owned by media giant Naspers, has agreed to back a bid by a broad-based consortium wanting to buy into and rescue the financially troubled On Digital Media (ODM), owner of TopTV. A broad-based consortium led by businessmen

New bidder for TopTV

A consortium led by businessmen Given Mkhari and Malose Kekana has made an unsolicited offer to buy a stake in struggling pay-television operator TopTV, website BDlive reported on Monday. TopTV is owned by On Digital Media, which is currently trading under a “business rescue” in

Duncan McLeod
Could Naspers buy Telkom?

Six months after Sprint announced it was in talks to sell 70% of its equity to Japan’s SoftBank for US$20bn, Dish Network Corp, a US direct-to-home satellite pay-TV operator with 14m subscribers, has put in a bid of $25,5bn to buy the wireless communications firm. It’s a move

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