Aiming to win locally in a globalizing world
including Africa, China, Latin America, Central and Eastern Europe, Russia, India, Southeast Asia and the Middle East.
successfull platforms with strong consumer engagement to create strategic value.
Naspers is a global platform operator with principal operations in internet services, especially ecommerce (i.e. classifieds, online retail, marketplaces, online comparison shopping, payments and online services); Video Entertainment (direct-to-home satellite services, digital terrestrial television services and online services) and print media. The group also has minority investments in two listed, integrated social-network platforms: Tencent (China) and Mail.ru (Russia).
1910 — 1919
May 1915Naspers is incorporated in Cape Town. Named Die Nasionale Pers (Afrikaans for the National Press), the company started as a printer and publisher of newspapers and magazines.
1990M-Net is listed on the Johannesburg Stock Exchange (now JSE Limited).
October 1993M-Net is divided into two companies. The subscriber management, signal distribution and cellular telephone businesses, together with a holding in FilmNet (a pay-television operator in Europe) are placed into a new company called MultiChoice Limited (later named MIH Holdings Limited).
1995Richemont S.A., the Switzerland-based luxury goods holding company, and MultiChoice Limited merge their global pay-television operations — including the interest in FilmNet, MultiChoice's operations in Africa, and Richemont's interest in Telepiu — into a single venture called NetHold B.V., which MultiChoice holds through its subsidiary, MIH Limited.
January 1997MIH Limited creates an internet service provider: MWEB Holdings.
March 1997MIH Limited and Richemont merge most of NetHold's assets with Canal+, the France-based pay-television operator. MIH Limited retains NetHold's African, Mediterranean and Middle East pay-television businesses and acquires 49% of Irdeto Access from Canal+. MIH Limited also received a small interest in Canal+. MIH Limited subsequently sells its interest in Canal+ to fund its expansion plans, including the purchase of the remainder of Irdeto Access from Canal+; the purchase of a 31,1% interest in the Thai pay-television operator UBC; and the purchase of a 44,5% interest in OpenTV, a technology company for set-top box operating systems and software.
March 1998MWEB Holdings is spun off as a listed entity on the JSE. MWEB is subsequently delisted, and Naspers holds 100% of the economic interest in the company.
November 1999OpenTV and MIH Limited are listed on NASDAQ.
2000All print media businesses are organised and branded under the Media24 umbrella.
May 2001Naspers acquires a 46,5% interest in Tencent Holdings Limited, the operator of an instant messaging platform in China called QQ. The business has since developed into the leading instant messaging business in China.
2001M-Net and SuperSport are listed on the Nigerian Stock Exchange.
August 2002MIH Limited sells its stake in OpenTV.
December 2002Following a restructuring, Naspers' minority interests in MIH Holdings and MIH Limited are swapped for shares in Naspers itself, and they become wholly owned subsidiaries of Naspers. Holders of MIH Limited shares, resident in any country other than South Africa, receive their interest in Naspers shares in the form of Naspers' American Depositary Shares (ADSs). MIH Holdings shares are delisted from the JSE and MIH Limited's shares are delisted from NASDAQ. At the same time, Naspers' ADSs are listed on NASDAQ.
April 2004M-Net and SuperSport are delisted from the JSE and Nigerian Stock Exchange after Naspers acquires an additional interest in both businesses.
June 2004Tencent lists on the Hong Kong Stock Exchange in June 2004 and Naspers' holding is consequently reduced to 35%. Naspers has never sold any Tencent shares and today holds an effective 34% stake, with the holding being reduced due to Tencent issuing shares for its share incentive scheme. Since 31 March 2009, MIH has held a 35,04% interest in Tencent.
December 2004MIH acquires a 9,9% strategic stake in Beijing Media Corporation, one of China's leading newspapers companies, with its flagship newspaper, the Beijing Youth Daily.
February 2005MWEB acquires the internet business of Tiscali in South Africa.
March 2005Naspers consolidates all its print media, book publishing (Via Afrika) and private education (Educor) assets under the Media24 umbrella to simplify the group structure.
January 2006MIH sells its investment in the Thailand pay-television platform, UBC, and its investments in the Thailand internet business, MKSC World Dot Com Co. Limited.
May 2006MIH acquires a 30% stake in the leading Brazilian media company Abril S.A. for a cash consideration of USD422m. The rationale for this transaction is to provide an entry into the internet in the growing Brazilian media market.
September 2006Media24 launches a Broad-Based Black Economic Empowerment (B-BBEE) share offer, Welkom Yizani, which offers eligible black people and black groups an indirect interest of 15% in Media24. The offer is three times oversubscribed, with over 100 000 applications receiving 14,6m Welkom Yizani ordinary shares.
During the last quarter of 2006, MultiChoice South Africa (MCSA) completes two successful B-BBEE transactions. Called Phuthuma Nathi, the first transaction offers an indirect interest of 15% in the MCSA pay-television and internet business to eligible black people and groups. The offer is three times oversubscribed with around 120 000 applications receiving 45m Phuthuma Nathi ordinary shares on offer.
A second transaction offers a further indirect interest of 7,5% to those applicants who did not receive their full allocation in the first Phuthuma Nathi and Welkom Yizani offers. This offer is more than twice oversubscribed. Approximately 3 500 applications receive 22,5m ordinary shares on offer.
In total, Phuthuma Nathi shareholders end up holding 22,5% in MCSA. The acquisition of the remaining 40% interest in M-Net and SuperSport (detailed below), settled by issuing MCSA shares, dilutes the Phuthuma Nathi shareholding to 20%.
December 2006MIH acquires an interest in the Russian internet business, Port.ru, Inc. (Mail.ru). MIH subsequently increases its interest in Mail.ru to 42,88% from 31 March 2009.
Early 2007MIH participates in a capital raising exercise by Naspers. The marketed offering of USD750m is two times oversubscribed and the allocation is raised to USD875m. A successful green shoe - or overallotment option - increases the proceeds by a further 15%.
May 2007Naspers is delisted from the NASDAQ and listed on the London Stock Exchange as a secondary listing.
October 2007MWEB Africa successfully completes the acquisition of Afsat, the leading African satellite ISP.
November 2007Naspers finalises its acquisition of a 40% interest in M-Net and SuperSport International Holdings Limited (SuperSport). The transaction is settled by issuing 21,6m Naspers shares and R250m in cash.
The group also acquires 100% of the issued share capital of Cloakware Inc, a US company providing software security solutions.
March 2008MIH acquires 100% of Tradus, a leading provider of C2C ecommerce platforms in Central and Eastern Europe for GBP946m. Tradus is subsequently delisted from the London Stock Exchange and the group is reorganised into Allegro and Ricardo.
In addition, Gadu-Gadu, a leading instant-messaging (IM) platform in Poland, is purchased and subsequently delisted from the Warsaw Exchange.
2008MIH increases its interest in Nimbuzz, which focuses on IM, mobile VoIP and telecommunications; invests in BuzzCity, a developer of global wireless communities and consumer services; ACL Wireless, a mobile solutions company in India; and Compera nTime, a leading provider of mobile value-added services in Brazil.
August 2008Naspers sells its Greek and Cypriot pay-television operations, Netmed, for EUR490m.
June 2009Allegro acquires an 83,2% interest in Bankier.pl, a leading Warsaw-listed Polish financial portal.
2009Allegro acquires a 75% interest in Arukereso in Hungary, which offers online price comparison services in Central Eastern Europe.
August 2009MIH acquires a 51% interest in sulit.com.ph, a leading classifieds business in the Philippines. This stake increases to 75% in 2012, and then to 83% in 2013.
September 2009MIH acquires 91% of BuscaPé, a leading ecommerce company offering online price comparison services in Latin America, for USD342m.
October 2009The group subscribes for an additional 11,9% in Mail.ru, to enable Mail.ru to acquire 100% of Astrum Online Entertainment (Astrum), the largest games developer and games platform operator in Russia. The Competition Commission approves the acquisition of 51% of Korbitec by Property24. This increases to 85% in August 2012.
November 2009Telkom agrees to buy MWEB Africa from MIH.
May 2010BuscaPé acquires a 30% interest in Brandsclub, the leading private internet sales club business in Brazil. This increases to 100% in August 2012.
MIH acquires 29,9% of Iceni Mobile, a provider of mobile service solutions.
June 2010MIH acquires 25% of Dubizzle, the leading online classifieds business in the United Arab Emirates (UAE). This increases to 54% in 2013.
July 2010MIH B.V., a wholly owned subsidiary of Naspers, successfully prices its USD700m 6,375% notes due 2017. These notes, fully and unconditionally guaranteed by Naspers, are subsequently listed on the Global Exchange Market of the Irish Stock Exchange and the proceeds are used for general corporate purposes.
Movile acquires 100% of Cyclelogic, a mobile value-added services (MVAS) company with a presence in eight Latin American countries.
August 2010Naspers consolidates its internet assets in Russia, acquiring a 28,7% stake in Digital Sky Technologies (DST), a prominent internet company in Russian-speaking markets, in exchange for its 39,3% investment in Mail.ru and USD388m in cash. DST is subsequently renamed Mail.ru Group and listed on the London Stock Exchange.
The group also acquires a 67,8% holding in OLX Inc., an online classifieds business, for USD144m. This stake increases to 95% over time.
September 2010MIH acquires a 74% holding in Multiply Inc., a social shopping platform in South-east Asia.
December 2010MIH acquires Level Up!, a gaming company operating in Latin America and the Philippines.
February 2011The group acquires 77,7% of Dinero Mail, Latin America's leading internet payment solution. This stake increases to 100% in 2013.
April 2011The group acquires 85% of 7Pixel, Italy's leading online price comparison and shopping platform.
July 2011Allegro signs an agreement to acquire 100% of Slando, Russia's third largest general classifieds business and market leader in Ukraine.
In addition, Allegro acquires 80% of the largest Turkish private sales fashion club, Markafoni.
September 2011Naspers sells its 30% interest in MXit Lifestyle to South African investment group World of Avatar.
December 2011Allegro acquires 90% of Fashion Days, a leading private sales club in Central and Eastern Europe.
March 2012Naspers acquires 51% of Travel Boutique, an online travel platform that aggregates travel suppliers, and small and medium agents in India. Naspers also acquires a stake in Vtex in Brazil.
June 2012The group acquires a 79% interest in Netretail for USD213m. Netretail is a leading online retailer in the Czech Republic, with operations in Poland, Hungary, Slovakia and Slovenia.
Naspers also acquires 97% of Agito.pl, one of the largest online stores in Poland.
August 2012The group acquires a 10% interest in Flipkart, a leading ecommerce platform in India, for USD102m. This stake increases to 19% in 2013.
October 2012Naspers acquires a 70% interest in eMAG, one of the biggest ecommerce platforms in Romania, for USD82m.
In addition, the group acquires 65% of FixeAds, a Portuguese company comprising several leading classifieds sites.
October 2012Naspers makes a 30% investment in Souq.com, a leading ecommerce portal in the Middle East. This stake increases to 48% in 2014.
November 2012The group acquires 65% of Tokobagus, one of the largest classifieds sites in Indonesia.
In the same month, the group acquires 51% of LazienkaPlus, the biggest online store in Poland.
February 2013Naspers acquires 25% of Konga.com, Nigeria's largest online marketplace.
March 2013The group acquires an 18,6% stake in Avito.ru, a leading general classifieds platform in Russia.
June 2013Naspers acquires an 80% interest in redBus.com for USD102m. redBus.com is India's biggest bus ticket portal.
July 2013MIH B.V., a wholly owned subsidiary of Naspers, successfully prices its USD1bn 6,0% notes due 2020. These notes, fully and unconditionally guaranteed by Naspers, are subsequently listed on the Global Exchange Market of the Irish Stock Exchange and the proceeds used for general corporate purposes.
August 2013The group acquires a 47% interest in PayProp in South Africa, the largest processor of rental payments for the property management industry. PayProp operates in the UK, Switzerland and South Africa.
November 2013McGregor BFA, a subsidiary of Naspers, acquires 100% of I-Net Bridge to form INET BFA.
December 2013Sulit in the Philippines merges with OLX.
January 2014Sulit brings Property24, the South African-based real estate classifieds site, into the Philippines.
March 2014Naspers injects an additional USD75m into Souq.com.
March — May 2014The group consolidates its online classified services in the Philippines, Thailand, Poland, Hungary, Bulgaria, Romania and Indonesia into one brand: OLX.
May 2014Naspers acquires a 26% interest in SimilarWeb in Tel Aviv, a web measurement tool that provides online marketing professionals with web analytics and competitive intelligence for any site on the internet.
November 2014Schibsted Media Group, Telenor Group and Singapore Press Holdings today announced an agreement to establish joint ventures for the development of their online classifieds platforms in four key markets – Brazil, Indonesia, Thailand and Bangladesh.
August 2015Launched Showmax, a subscription video on-demand service.
Naspers disposed of its 9,9% interest in Beijing Media Corporation Limited to Le Shi Internet Information & Technology (Hong Kong) Limited for HKD95,9m (approximately US$12,4m).
September 2015Naspers disposed of the Swiss ecommerce platform, ricardo.ch, the online classifieds platform in Switzerland, to Tamedia AG.
October 2015Naspers announced a US$201m transaction to dispose of its holdings in Netretail and Heureka to Czech-based investment firm, Rockaway Capital.
Announced a US$1.2bn transaction to become the largest shareholder in Avito, the leading online classifieds platform in Russia to increase its stake from 17.4% to 67.9% on a fully diluted basis.
On 1 October 2015 Naspers made a further US$50m equity investment in Ambatana Holdings B.V., which operates letgo.com, a start-up mobile, app only, general classifieds platform initially targeting the US market.
On 1 November 2015, Naspers and the founders of Korbitec sold 100% of Korbitec (Naspers’ stake being 85,3% of the company’s issued capital), to LexisNexis for an aggregate purchase price of R552,7m (US$32,7m).
Naspers disposed of its price comparison business, PriceCheck, in South Africa and Nigeria to ClicknCompare.
On 12 November 2015, Naspers and Tiger Global exercised their rights of first refusal to each acquire an additional 0,19% of Takealot from existing minority shareholders Isaac Rom and AlterInvest. Naspers and Tiger Global each paid R8,4m (US$498,000), taking their shareholding to 42,41% each.
On 24 November 2015, Naspers and the founders of Lelong closed the disposal of 35% of Lelong to Transcosmos.