Page 28 - Naspers Ltd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

3 Min Read JOHANNESBURG (Reuters) - Investors in Naspers Ltd - Africa’s biggest company - said on Thursday they want proceeds from a $14.7 billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions or a share buyback. FILE PHOTO: Naspers logo is seen in Johannesburg, South Africa, October 9, 2019. REUTERS/Siphiwe Sibeko/File Photo Naspers’ Dutch-listed subsidiary Prosus NV sold a 2% stake in the Chinese gaming and social media giant on Thursday in the world’s largest-ever block trade, reducing its stake to 28.9%. Prosus’ portfolio is dominated by Tenc...

By Adria Calatayud Prosus NV said Wednesday that it plans to cut its stake in Tencent Holdings Ltd. to 28.9% from 30.9%, selling shares worth $15.50 billion. The Dutch internet conglomerate, a subsidiary of South Africa's Naspers Ltd., said it intends to sell up to 191.9 million shares in Tencent. Naspers was one of the Chinese tech giant's earliest investors. Based on Tencent's closing price on Wednesday, the share sale would be worth $15.53 billion. Prosus said the parcel of Tencent shares will be offered to institutional investors globally, with books expected to close prior ...

Swiggy to close $800 mn funding round; valuation rises to $5 billion The deal will leapfrog Swiggy's valuation to around $5 billion from its previous valuation of $3.6 billion in 2020 BusinessToday.In | April 6, 2021 | Updated 10:07 IST The new capital will help Swiggy speed up growth in its existing businesses and also help it seed new ones Food delivery app Swiggy is in the process of closing an $800 million funding round with investors comprising Goldman Sachs and Falcon Edge Capital, Co-founder and Chief Executive Officer Sriharsha Majety said in an emailed letter to employees. The deal...

India Food Delivery Firm Swiggy Gets $800 Million in Funding Bloomberg 2 hrs ago Saritha Rai © Bloomberg A food delivery rider for Swiggy, operated by Bundl Technologies Pvt., sits on a motorcycle in Mumbai, India, on Monday, Feb. 3, 2020. Indian Prime Minister Narendra Modi’s government plans to allow foreign investors greater access to short-term and long-term government securities in a bid to tap money being poured into passive funds operated by firms such as BlackRock Inc. (Bloomberg) -- Indian food delivery app Swiggy is closing an $800 million funding round from ...

Romain Voog, who was the vice president for worldwide sales operation and geographies at Airbnb, has joined Prosus NV from April 1 as the chief executive officer of OLX Group, it said in a statement. Prosus is a Naspers subsidiary that houses all of its overseas assets including Tencent and online classifieds business, which is spread across 30 countries. Voog was the president of Amazon’s operations in France before his stint at Airbnb. He takes over from Martin Scheepbouwer, who led OLX Group for nine years, the company said. “His (Voog’s) experience inside customer-centric organisa...