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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