Search Results for:Loni Prinsloo

Tencent’s 60,000% rise leads to one of the biggest VC returns ever

Naspers is selling $10.6 billion of shares in Tencent, equal to 2% of the stock in the Chinese operator of the WeChat messaging service.

Naspers said to plan $200m investment to increase stake in Swiggy

Naspers invested an initial $80 million in Swiggy, the largest food delivery business in India, in May last year.

Petronas unit agrees share swap with Shell’s Africa operator

The deal, which has been concluded, is worth as much as 3.5 billion rand ($256 million).

Naspers plans more food investments to bridge value gap with China’s Tencent

Its 33% shareholding in Tencent is worth about $166 billion, while Naspers itself is valued at $123 billion.

Naspers investor Allan Gray to stand against executive pay policy

As pay isn’t aligned to the performance of the business outside a stake in Tencent.

South Africa’s Remgro mulls fiber unit sale to Nippon-owned company for $723m

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 »