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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


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


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


Accelerated Offering of Tencent shares and Cautionary Announcement

Mar 22 2018

Naspers announces its intention to sell up to 190 million Tencent Holdings Limited (Tencent) shares, equal to approximately 2% of Tencent’s total issued share capital, which would reduce its stake in Tencent from 33,2% to 31,2 (the Transaction). The funds will be used to reinforce Naspers... Read more


Change in status of Director - Mark Sorour

Feb 26 2018

Mark Sorour, executive director and group chief investment officer of Naspers, has decided to retire after more than 20 years with the group. Mark has been at the forefront of all the group’s expansion efforts and has led some of the most meaningful transactions for Naspers. Mark will remain... Read more

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