Amazon.com is in talks to acquire Dubai-based online retailer Souq.com for about $1bn (R14,2bn) in a deal that will give the e-commerce giant a footprint in the high-growth Middle East market, according
Browsing: Naspers
Naspers expects its core headline earnings to rise by as much as 28% in the six months to end-September 2016 compared to the same period a year ago. The JSE-listed global technology and media giant said
Tencent Holdings, in which South African technology and media giant Naspers holds an approximately one-third stake, posted a 43% rise in third-quarter profit as its ability to attract Chinese gamers and social media mavens fuelled advertising growth. Net income climbed to
Naspers-owned video-on-demand platform ShowMax has announced it has reached an agreement to peer at the Teraco-managed Internet exchange point NAPAfrica, in Johannesburg. “Streaming video over the
Amazon.com is weighing a bid for a stake in Dubai-based online retailer Souq.com as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge of the matter. The stake
DStv parent, pay-television operator MultiChoice, has announced it is cutting the price of ShowMax for subscribers to its most expensive bouquet. DStv Premium customers with an Explora personal
In a dramatic move of support for Pravin Gordhan, 81 CEOs pledged support for the finance minister days before he presents his mini budget and a week before he appears in court on fraud charges. “We stand as one for the rule
Fifteen years ago, a South African media company invested US$34m in an obscure Chinese Internet developer. Today that stake is worth $88bn. All Naspers, now Africa’s most valuable company, has to do is figure out how
Cinven, Permira and Mid Europa Partners agreed to buy Naspers’s Polish online auction site Allegro for almost US$3,3bn (R46,4bn), taking on rivals such as eBay in the Eastern European country
With SABMiller out of the JSE Top 40, Naspers now accounts for roughly a fifth of the index – a risk for anyone tethering their savings to the index. Naspers trades on a price-earnings multiple of about 100, which is perilously close to