Naspers, Africa’s biggest company by market value, is planning to sell its Polish online auction website Allegro, according to people with knowledge of the matter. The global Internet and entertainment group has hired Morgan Stanley to advise
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Tencent, in which South Africa’s Naspers holds a one-third stake, is discussing the purchase of SoftBank Group’s majority stake in Supercell Oy in a deal that may value the Finnish game maker at
Renewed bullishness towards media and Internet giant Naspers has pushed its market capitalisation above R1 trillion for the first time. On Tuesday, Naspers’s share price jumped to a new all-time high of R2 320,73, pushing its
Technology stocks, which outperformed the market in 2015, have had a wobble in 2016, forcing many investors to question whether the high-flying tech sector is facing an implosion of the sort
Naspers has announced it is investing a further US$250m (about R3,9bn) in Indian online travel venture ibibo Group. The investment will be focused on extending ibibo’s leadership position in the Indian hotels category and on additional
Huge Group, Adapt IT and Net1 UEPS Technologies top the list of the best performing technology shares on the JSE in 2015. In a difficult economic environment, the three counters have far outperformed the overall market, adding 95,2%, 58,5% and 55,5% respectively over the past 12 months
There can be little argument that over the last 10 years, Naspers has been one of the best investments in the world. The share price has seemed to be on an unstoppable growth trajectory as it has
WeChat Africa has announced plans to invest R50m in technology start-ups in Africa “to support local entrepreneurs and technology innovations”. WeChat, which is developed by Tencent
Online businesses helped spur on a 24% year-on-year revenue growth at Internet and media giant Naspers. In its interim results announcement on Friday, Naspers reported that its revenue measured on an economic interest base topped R74,3bn for the six months ended September 2015
Shares in technology and media giant Naspers came under selling pressure late on Friday afternoon after it announced plans to raise as much as US$2,5bn (about R36bn) through a capital-raising exercise. Shares in Naspers were trading down by almost 4% shortly