Tencent-backer Naspers plans 'significant investments' on M&As in coming months

Tencent-backer Naspers plans 'significant investments' on M&As in coming months

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

Naspers Ltd. has its sights set on acquisitions as Africa’s largest company by market value targets “significant investments” for its $10 billion cash pile in the next couple of months, Chief Financial Officer Basil Sgourdos said.

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