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Spree and Superbalist merge

Jun 18 2018

Cape Town – 18 June, 2018 – Media24 and Takealot.com today announced that they will merge their online fashion brands, Spree and Superbalist, creating an exciting online fashion platform for South African consumers.   In South Africa the penetration of online retail sales is currently... Read more


OLX Group Invests USD 89 million in Frontier Car Group

May 24 2018

Investment will support Frontier Car Group’s continuing expansion and disruption of the used car market in high-growth markets Amsterdam, 24th May 2018:  Naspers’Classifieds business, OLX Group, today announced it has invested USD 89 million through its early-stage investment arm OLX Ventures... Read more


Honor Raises $50 million to Grow National Network of Home Care Agencies

May 22 2018

Honor expands home care agency network, poised to modernize the home care industry for older adults with new model focused on helping local agencies grow SAN FRANCISCO (May 22, 2018) – Honor, the fast-growing, comprehensive home care company for older adults, has raised $50 million in... Read more


Naspers sells stake in Flipkart

May 09 2018

South Africa-based global internet and entertainment group, Naspers Limited (JSE: NPN.SJ and LSE: NPSN) today announced the sale of its 11.18% stake in Indian ecommerce company Flipkart, to US-based retailer Walmart (NYSE: WMT) for US$2.2bn, representing an IRR of approximately 32... Read more


The importance of localization

Apr 03 2018

by Barron Ernst, Chief Product Officer at Showmax At the heart of Showmax is a determination not only to understand, but to meet the unique needs of each consumer. In my previous blog, ‘ Launching your product into new markets? Here’s how ’, I talked about the importance of understanding the... Read more


Closing of Delivery Hero acquisition

Mar 29 2018

Naspers announced a transaction on 28 September 2017 to purchase 22 359 857 shares of Delivery Hero AG stock from Rocket Internet SE for €660m (US$775m) at a price of €29.50 per share. The acquisition takes Naspers’s stake in Delivery Hero AG to 22.75% and positions the company as the largest... Read more


Completion of the Accelerated Offering of Tencent shares and lifting of cautionary warning

Mar 23 2018

Naspers announced today that it has completed its Accelerated Offering of Tencent shares, reducing its stake in Tencent from 33,2% to 31,2% (the Transaction). The sale yielded US$9,8 billion. These funds will be utilised to reinforce Naspers’ balance sheet and invested over time in Naspers... Read more

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