Naspers subsidiary Prosus is acquiring online travel agency Despegar.com for the equivalent of R32-billion.
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Prosus chairman Koos Bekker plans to use the money to fund building operations at hotels in South Africa, the UK and Italy.
Naspers subsidiary Prosus plans more listings after last month’s Indian initial public offering of Swiggy.
Naspers South Africa CEO Phuthi Mahanyele-Dabengwa looks set to join the two boards next year.
Prosus reported a first-half profit as the tech investor sold stakes in online businesses in China and South Africa.
Naspers and Prosus companies such as iFood and OLX are sharing AI expertise for business growth.
Technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year.
Prosus and Naspers have invested $1.3-billion building a 31% stake in Swiggy ahead of its listing on Wednesday.
A brief Q&A with Naspers CEO Fabricio Bloisi on India, AI, lessons from Elon Musk and why Europe risks getting left behind.
Naspers-owned Prosus plans to invest in artificial intelligence across its businesses, CEO Fabricio Bloisi said.