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Naspers invested an initial $80 million in Swiggy, the largest food delivery business in India, in May last year.
The deal, which has been concluded, is worth as much as 3.5 billion rand ($256 million).
Its 33% shareholding in Tencent is worth about $166 billion, while Naspers itself is valued at $123 billion.
As pay isn’t aligned to the performance of the business outside a stake in Tencent.
Remgro Ltd. of South Africa is in talks to sell broadband provider Dark Fibre Africa to a company owned by Nippon Telegraph and Telephone Corp. of Japan, according to three people familiar with the matter. Remgro, which owns 51.9 percent of the business, and investment partner New GX Capital are seeking as… Read more »