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Tencent stock: Naspers' spin-off Prosus sells stake worth $15.
Naspers spin-off Prosus surges 25% on Amsterdam market debut.
Naspers' New Spinoff, Multichoice, Has Room For Major Growth.
Naspers Delays Its Tencent Spin-Off: What Investors Need to Know.
Naspers spins off MultiChoice at initial value of R42bn.
Naspers spin-off becomes Europe's largest consumer tech firm with.
UPDATE 2-South Africa's Naspers plans to spin off, list pay.
Naspers spin-off of MultiChoice will not narrow discount.
South Africa's Naspers rules out $114 billion Tencent stake spin-off.
Tencent stock: Naspers' Prosus is planning to sell more.
UPDATE 1-Naspers spin-off Prosus surges 25% on Amsterdam market debut.
Naspers internet tech spin-off valued at €123bn as shares soar.
Naspers Sets the Date for Its Tencent Stake Spinoff: What.

Tencent stock: Naspers' spin-off Prosus sells stake worth $15.

Naspers Spins Off African Pay-TV at Initial Value of $3 Billion By Loni Prinsloo (Bloomberg) – Naspers Ltd. spun off African pay-TV unit MultiChoice Group Ltd. at an initial valuation of about R42bn ($3bn), enabling the continent’s biggest company to focus on its current incarnation as a global internet-technology firm. Naspers now holds 31% of Tencent, and Naspers’ market capitalisation is less than the value of that stake alone. So, investors in Naspers get Tencent at a discount, and everything else that the South African company owns for free. That adds up to an overall discount of around 40% to the Naspers share price. In spinning off the unit, Naspers hoped to establish Prosus — Latin for "forward" — as a tech giant in its own right, and to draw in a more diverse crowd of shareholders than it currently has. With.

Naspers spin-off Prosus surges 25% on Amsterdam market debut.

Prosus is a global consumer internet group and one of the largest technology investors in the world. On 25 March 2019, Naspers announced its intention to list its international internet assets on Euronext Amsterdam with a secondary, inward listing on the Johannesburg Stock Exchange in South Africa. The new group listed on Euronext Amsterdam on. A company holding Naspers ’ stakes in internet technology groups such as Tencent soared in its Amsterdam stock trading debut, valuing it at €123bn, which instantly propelled it to the top. Naspers spin-off Prosus has announced its intention to reduce its stake in Tencent by 2%, selling over 190 million shares in the process. To put the proposed sale into perspective, Prosus will raise over R200bn from the 2% sale of Tencent, which is being sold to investment banks Citigroup, Goldman Sachs and Morgan Stanley at a discount to Tencent’s share price.

Naspers' New Spinoff, Multichoice, Has Room For Major Growth.

Earlier this year, Naspers announced plans to spin off its global internet businesses -- including its Tencent stake -- into a new company fittingly called "NewCo," to be listed on Euronext.

Naspers Delays Its Tencent Spin-Off: What Investors Need to Know.

Prosus, the new technology-focused spin off from Naspers, saw its shares soar 32pc in early trading on Wednesday after it listed on Euronext, a European stock exchange.. Prosus, a spin-off by South African media and internet investment firm Naspers, said Monday it will cut its huge stake in Tencent to fund a share repurchase program. Tencent ( TME) shares tumbled..

Naspers spins off MultiChoice at initial value of R42bn.

AMSTERDAM (Reuters) - Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in. Prosus ( PROSY), a spin-off by South African media and internet investment firm Naspers ( NAPRF), sold a 2% stake in Tencent ( TCEHY) for 114.2 billion Hong Kong dollars ($14.7 billion), the.

Naspers spin-off becomes Europe's largest consumer tech firm with.

The moment Naspers investors have all been waiting for finally came, and they hardly noticed. Naspers, a century-old South African publisher, found new life as a global internet investor-notably by. South Africa's Naspers (NPNJn.J) has raised $9.8 billion from the sale of a 2 percent stake in Chinese investment Tencent <0700.HK> to strengthen its balance sheet and fund growth in its e-commerce businesses, it said on Friday. Naspers said on Thursday it had no plans to reduce its holding further for the next three years, disappointing some investors who had called for it to spin off its 33.

UPDATE 2-South Africa's Naspers plans to spin off, list pay.

Prosus , a spin-off by South African media and internet investment firm Naspers , sold a 2% stake in Tencent for 114.2 billion Hong Kong dollars ($14.7 billion), the Chinese tech giant said in a. Naspers Market Cap (-0.28%) -$0.08 Current Price $28.80 An administrative error regarding mailing labels will delay the $100 billion spin-off. I recently wrote about Naspers ( NPSNY -0.28%) and the.

Naspers spin-off of MultiChoice will not narrow discount.

AMSTERDAM, Sept 11 (Reuters) - Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market. The other reason it decided to spin off Prosus is because Naspers was becoming too dominant on the JSE - it represented 20% of the market. Following the listing of Prosus, Naspers is down to 14% of the JSE, while Prosus represents 7%. Together, the companies will now be 21% of the JSE's all share index. Implications for investors.

South Africa's Naspers rules out $114 billion Tencent stake spin-off.

Earlier this year, Naspers announced plans to spin off its global internet businesses -- including its Tencent stake -- into a new company fittingly called "NewCo," to be listed on Euronext. Naspers delivers strong revenue growth with profitable core operations; announces open-ended share repurchase programme. 27 June 2022 More news. We invest in talented founders and companies with the ambition to expand globally. Naspers Foundry. We recruit the world's best talent to build outstanding companies and products..

Tencent stock: Naspers' Prosus is planning to sell more.

South Africa's Naspers unveiled plans on Monday to spin off and list separately its pay-TV unit, its first major move aimed at narrowing a discount between its market value and the value of its.

UPDATE 1-Naspers spin-off Prosus surges 25% on Amsterdam market debut.

As of the end of day Thursday, Sept. 19, Naspers shares were down 36% from the pre-spin price -- a full 10 percentage points greater than the 26% spinoff of Prosus. So all in all, the price of my. All of this success led Multichoice to February of 2019. The company finally outgrew its nest and broke off from its parent company of Naspers, listing on the Johannesburg Stock Exchange (JSE) on. The spin-off marks the end of an era for Naspers as it looks to move beyond the legacy of former CEO Koos Bekker’s prescient investment of just $34 million in Tencent when it was a startup in.

Naspers internet tech spin-off valued at €123bn as shares soar.

The spin-off in Amsterdam marks the end of an era for Naspers as it looks to move beyond the legacy of former Chief Executive Koos Bekker's prescient investment of just $34 million in Tencent when. AMSTERDAM, Sept 11 (Reuters) - Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market. Find the latest Naspers Limited (NPSNY) stock discussion in Yahoo Finance's forum.... So I am assuming for every share of NPSNY I had before the spin off, I should get 5 PROSY shares, which would.

Naspers Sets the Date for Its Tencent Stake Spinoff: What.

On March 25th Naspers, a South African media group, announced it would spin off a company made up of its investments in tech firms and list it in Amsterdam. Europe, at last, will have a tech giant. AMSTERDAM (Reuters) - Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises.