Prosus faces investor flak over $144m fee for Naspers share swap

Prosus faces investor flak over $144m fee for Naspers share swap

A logo sits on display inside the headquarters of Napsters Ltd., at the Media24 Ltd. office complex in Cape Town, South Africa. Photographer: Halden Krog/Bloomberg

Technology investor Prosus will pay up to $144 million in transaction fees when it buys a block of parent company Naspers’ shares, according to a document submitted to stock exchanges on July 12, prompting criticism from investors.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter