Naspers unit Prosus to sell 2% Tencent stake
The company intends to use the proceeds of the sale to increase its financial flexibility to invest in growth, plus for general corporate purposes.
Naspers's Prosus eyes $5bn share buyback plan
In total, up to $5 billion in shares in Naspers and Prosus will be purchased on the open market on a pro-rata (72.5%/27.5%) basis.
Naspers’s Prosus leads R246m investment in Mexican digital bank
The early-stage venture investor makes its first investment in Mexico, leading a $15 million Series A funding round in Klar.
Naspers readies to weather COVID-19 storm with $22.1bn revenue
The company believes it is well-positioned to navigate the coronavirus uncertainty ahead after its revenue grew 23% for the year ended 31 March.
COVID-19 eats into Naspers’s earnings
While the global pandemic has negatively impacted some operations, all key e-commerce segments made good progress, says the company.
R995.8m windfall for Naspers CEO Bob van Dijk
Van Dijk exercises share appreciation rights in the Naspers Global e-commerce share appreciation rights plan.
Prosus, PayU create new digital lending firm in India
PayU says combining LazyPay and PaySense will help it to accelerate India’s alternative credit ecosystem.
R294bn bonanza for Naspers, Prosus
The companies report combined revenue of $20.1 billion for the six months ended 30 September.
OLX to invest R6bn in German online car marketplace
The online classifieds firm looks to invest $400 million in Frontier Car Group to become the company’s largest shareholder.
Naspers unit Prosus makes strong debut on Amsterdam, JSE
The company made an impressive start to its first trading day in Amsterdam and Johannesburg this morning.
CompCom unimpressed by Koos Bekker’s investment comments
The Competition Commission hits back at Naspers for calling the institution a hindrance to investment.