Naspers remains on the lookout for acquisitions even as economies around the world grind to a halt in the face of the coronavirus pandemic.
Browsing: Prosus
A bad start to the year for stocks? That hasn’t applied to Naspers, as the coronavirus confined hundreds of millions of consumers indoors, driving demand for online services and entertainment.
Naspers’s Prosus, through its OLX Brazil business, has agreed to spend R9.9-billion to buy Grupo ZAP, described as one of the fastest-growing technology companies in the South American country.
Naspers-controlled Internet investment firm Prosus is leading a $113-million (R1.7-billion) funding round in Swiggy, India’s largest food delivery platform.
Naspers plans to sell about 22 million shares in Prosus to increase the free float of its European-listed Internet spin-off.
Ka-ching! Naspers CEO Bob van Dijk just made a cool R1-billion through the sale of shares in the group. However, he intends to reinvest most of the proceeds back into the group in the form of bonds.
Takeaway.com has won a months-long bidding war for Just Eat, ending a contentious battle with the Naspers spin-off Prosus and creating Europe’s largest food delivery operation.
Takeaway.com is set to declare final victory in the five-month takeover battle for UK food-delivery company Just Eat, people with knowledge of the matter said.
Just Eat chose a revised offer by Takeaway.com to merge and spurned a final all-cash bid by Naspers spin-off Prosus, which appears all but set to lose the drawn-out fight to claim ownership of the British food delivery firm.
Takeaway.com raised its bid for Just Eat just minutes after Naspers spin-off Prosus upped its offer, intensifying a battle for ownership of the UK food delivery firm.