Naspers

Multinational holding and investment company

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March 2023 Naspers Foundry ceased its investment operations, while maintaining existing investments in its portfolio.
2022 Following the Russian invasion of Ukraine, Naspers (through Prosus) wrote off its 27.29% investment in the Russian internet company VK, which was previously valued at US$769 million.
March 2022 Prosus wrote off its investment in VK (social internet platform).
August 2021 Completed the share swap deal with Prosus, reducing Naspers' stake in Prosus to 56.92% and giving Prosus approximately 49% share in its parent company.
May 2021 Prosus acquired a 49% stake in its parent company Naspers through a share swap deal.
May 2021 Announced a share swap deal with its Dutch-listed subsidiary Prosus to reduce the discount between the asset value of the companies and their market capitalisation.
2019 Naspers listed its global internet investment business unit Prosus (including a 31% stake in Tencent) on Euronext Amsterdam, further expanding its international presence.
2019 Launched Naspers Labs in partnership with RLabs and its founder Marlon Parker as an economic initiative for unemployed youth in South Africa.
2019 Naspers listed its global internet investment business as Prosus on Euronext Amsterdam, becoming Europe's largest consumer Internet company. The IPO saw share values gain over 25 percent, with a market capitalisation exceeding 125 billion pounds (US$138 billion).
February 27 2019 Naspers spun off its video entertainment business as MultiChoice Group (MCG), which was listed on the Johannesburg Stock Exchange. Naspers retained no stake in the newly listed company.
December 2018 Naspers made its largest single investment outside of China, investing $1 billion into Swiggy, an Indian online food ordering and delivery service.
March 2018 Naspers sold part of its stake in Tencent, raising approximately $10 billion to fund other investments. The company's initial $32 million investment in Tencent was valued at over $175 billion at this time.
May 9 2017 South African competition authorities approved the proposed sale of M-Web, with the effective commencement date set for 31 May 2017.
December 2016 Naspers announced an agreement to sell telecommunications company M-Web to Internet Solutions (a subsidiary of Nippon Telegraph and Telephone).
2015 Naspers merged its Kalahari.com online retail business with Takealot.com, acquiring a 46% stake in the merged company and creating South Africa's largest online retailer.
2015 Media24 CEO Esmare Weideman issued a limited apology, only acknowledging the experience of a single employee, Conrad Sidego, without providing a comprehensive apology for Naspers's role in supporting apartheid.
2014 Naspers began a major investment strategy in India, committing over $4 billion across multiple sectors through 2019, including investments in companies like Byju and ibibo.

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