Browsing: Naspers

News
Naspers bags all of Takealot

Naspers has acquired Tiger Global Management’s stake in South Africa’s largest e-commerce retailer Takealot, and now owns an effective 96% (91% fully diluted) of the business. This was revealed in its provisional

News
MultiChoice profit leaps higher, despite Netflix

Naspers’s video entertainment segment – in effect, the MultiChoice business – has grown revenue by 8% to US$3.7-billion in the year ended 31 March 2018, despite warning of tougher competition from online streaming video

News
E-retailers Superbalist, Spree to merge

Media24 and Takealot will merge their online fashion stores Spree and Superbalist to create a new platform for the sale of fashion goods on the Internet. The new venture will be held 51% by Media24, Spree’s current

World
Tencent is no longer a sure bet

Traders in China are unwinding positions in Tencent Holdings faster than ever, turning to other targets amid a lack of reasons to push Asia’s biggest stock any higher. Mainland investors sold a net $81m

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