Prosus to sell 2% stake in Chinese internet giant Tencent

Prosus to sell 2% stake in Chinese internet giant Tencent

Tencent Holding Ltd

Dutch-based technology investment company Prosus NV plans to sell a 2% stake in software giant Tencent, worth about $15 billion at current prices, in an accelerated offering to institutional investors.

Prosus, majority-owned by Naspers of South Africa, said the sale would lower its stake in Tencent to 28.9% from 30.9%.

Bring stories like this into your inbox every day.

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