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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

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

Launching your product into new markets? Here's how.

Feb 26 2018

By Barron Ernst, Chief Product Officer, Showmax   I’m often asked how Showmax managed to successfully expand from Sub-Saharan African to Poland, a very different type of market. It’s challenging to answer, as we didn’t follow a typical playbook of international expansion. Instead, we... Read more

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