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
Browsing: Naspers
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
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
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
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
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
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
The SABC has been left red-faced over the loss of its planned 24-hour news channel on DStv after the well-connected Gupta family seized the gap. Few at the SABC appear to have been aware that the Gupta channel was even in the offing, although the broadcaster must have been in regular contact
The influence of the powerful and politically well-connected Gupta family is set to grow this year with the addition to its media portfolio of a 24-hour news channel on the continent-wide DStv satellite platform, and a new prime-time slot on SABC. The owners of
China’s Tencent, in which JSE-listed Internet and media group Naspers holds a 35% stake, appears to have designs on the African market and is preparing to ramp up focus on South Africa and Africa more broadly with its WeChat platform. Tencent, well known in China for its QQ