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Stock worth $7.6bn transferred to smooth future sales to fund buyback of South African group’s own shares
There were plenty of missed opportunities to sell at higher prices last year
South African group and its Dutch-listed subsidiary take new measures to ignite stock
Ukrainian officials allege site hosted ads for Russian military recruitment and goods looted in war
Plus, a failed megamerger sheds light on an industry’s consolidation craze and Big Law reckons with vaccine mandates
Acquisition will allow Naspers’ investment arm to expand client bases at both ends of transactions
PayU business to merge with India’s oldest digital payments company after all-cash deal
Advantages of the share swap include limited tax leakage and moving asset ownership abroad
Dutch-listed Prosus to acquire 45% of shares in South African parent
A monster block trade of a Tencent stake by Prosus is a credit to the old-fashioned accelerated book build
A unit of South African group Naspers to offload a 2 per cent holding but remain largest shareholder
Dutch-listed investment arm Prosus, best known for its stake in China’s Tencent, says move is ‘a good use of capital’
In the long run, we’re all long Tencent.
South African ecommerce group insists it remains in acquisition mode
After muscling out their competitors, the start-ups face a new fight for profitability
Deal will create one of the world’s biggest players in the takeaway food delivery market
Recommendation puts Dutch group within reach of merger target after a takeover battle
Takeover battle for online food ordering company enters its endgame
New offer described as ‘derisory’ by rival, but it prices in the presence of Uber
Chief Jitse Groen said new company could withstand well-funded rivals such as Uber and Deliveroo
SoftBank rescues WeWork, Anduril’s drone killer, Infosys probe, Google Nest Mini
UK food delivery group agreed merger with Takeaway.com in July
With more than $100bn of assets, the demerger is one of the 10 largest consumer tech companies
Naspers lists its Tencent stake to attract Europe investors
Vehicle holding Tencent stake vaults to top echelon of Europe’s most valuable listed companies
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