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Naspers Has a $100 Billion Headache


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Dow Jones
By Alexandra Wexler
JOHANNESBURG Africa s largest-listed company, Naspers Ltd., is wrestling with an unusual problem: It made one unbelievably good investment that has now become a headache.
Naspers bought a third of Tencent Holdings Ltd. in 2001, years before the operator of the WeChat messaging app became China s most-valuable publicly listed company. The stake itself is now worth over $100 billion more than the market value of Naspers, despite the company s other profitable businesses in areas like online classifieds, payments and retail.
The difference has presented Naspers executives with the enigma of determining how to unlock value for shareholders without cashing out on one of the world s most successful tech companies. The problem has become more acute as the gap widened to new levels in the past year, when the coronavirus-induced rally in tech stocks pumped up valuations of Tencent and other ....

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Tencent falls nearly 8% after the firm's largest shareholder said it plans to sell $14.6 billion of its holdings


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Tencent falls nearly 8% after the firm s largest shareholder said it plans to sell $14.6 billion of its holdings
Tencent falls nearly 8% after the firm s largest shareholder said it plans to sell $14.6 billion of its holdings
Will DanielApr 8, 2021, 01:59 IST
Ma Huateng, the chief executive officer of Tencent.VCG/Getty Images
The global investment group
Tencent stock.
The deal will increase Prosus s cash reserves from $4.6 billion to roughly $19.2 billion.
Tencent s American ADR has fallen roughly 20% from February 12 highs of nearly $100 per share.
Tencent s American ADR sank as much as 9.7% on Wednesday after the firm s largest shareholder, Prosus, said it plans to sell $14.6 billion worth of its stake in the Chinese multinational technology conglomerate. ....

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Tencent falls nearly 10% after Prosus said it plans to sell R212 billion of its holdings


Tencent falls nearly 10% after Prosus said it plans to sell R212 billion of its holdings
 Apr 08, 2021, 06:57 AM
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VCG/Getty Images
The deal will increase Prosus s cash reserves from $4.6 billion to roughly $19.2 billion.
Tencent s American ADR has fallen roughly 20% from February 12 highs of nearly $100 per share.
For more articles, go to www.BusinessInsider.co.za.
Tencent s American ADR sank as much as 9.7% on Wednesday after the firm s largest shareholder, Prosus, said it plans to sell $14.6 billion worth of its stake in the Chinese multinational technology conglomerate.
Tencent s Hong Kong shares fell 3.75% on the day.
Prosus, the international internet assets division of the South Africa s Naspers, will remain Tencent s largest shareholder holding some 28.9% of the company. ....

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