prosus

  1. Hanno Labuschagne

    Uber buys out Aspex stake in Delivery Hero

    Uber buys out Aspex stake in Delivery Hero Uber Technologies bought out Aspex Management’s shares of Delivery Hero SE, boosting its stake to 36.83% as the ride-hailing company negotiates a deal to buy the German food-delivery platform. Uber raised its voting rights attached to shares to...
  3. Hanno Labuschagne

    EU gives conditional approval to Prosus takeover of Just Eat

    EU gives conditional approval to Prosus takeover of Just Eat Prosus NV’s planned €4.1 billion (R84.56 billion) takeover of Just Eat Takeaway.com has won conditional approval from the European Union, after the Dutch food delivery firm agreed to reduce its stake in another rival to allay...
  4. pratlou

    Prosus is still paying former CEO Van Dijk

    Bob van Dijk, former CEO of Prosus and Naspers, the interlinked companies effectively part of the same group, was paid throughout the last financial year (to end March), despite stepping down on 18 September 2023. He received a base salary of $1.469 million, equal to R27.5 million at the average...
  5. Jan

    Bob van Dijk resigns as Naspers and Prosus CEO

    Naspers CEO resigns effective immediately Naspers and Prosus have announced that Bob van Dijk has stepped down as CEO and from his positions on the boards of both companies. His resignation is effectively immediately — Monday, 18 September 2023.
  6. Jan

    Naspers reports R147 billion lower profits

    Naspers profit plummets by R147 billion Naspers has released its annual financial results, reporting an over 46% decrease in profit from $18.5 billion (R318 billion) to $9.95 billion (R171 billion). Sister company Prosus posted a similar performance, with its annual profit decreasing from...
  7. Jan

    Prosus to explore divestments from fintech arm PayU

    Prosus looking to offload PayU Prosus NV is exploring potential divestments from its emerging-markets financial technology company PayU, according to people familiar with the matter. The investment firm is working with Bank of America Corp. as it gauges interest in PayU’s business outside...
  8. Hanno Labuschagne

    Tencent rally up against earnings test

    Tencent rally up against earnings test Tencent Holdings Ltd.’s successful foray into short videos and a softening regulatory backdrop have fueled a $160 billion (R2.97 trillion) rally since October, the next leg of which will hinge on a crucial earnings release this week. Shares of the gaming...
  9. Jan

    Naspers-owned Prosus wants to "exit" OLX Autos

    After killing OLX in South Africa, Prosus is dumping OLX Autos Naspers and its subsidiary Prosus have informed shareholders that they want to dump OLX Autos. It is unclear whether the car classifieds website will be shut down or sold, but Naspers has indicated it prefers to sell the business.
  10. Jan

    Naspers CEO, CFO, and two directors sell stock into share buyback programme

    Naspers top dogs dump shares worth R1.8 billion during buyback Naspers CEO Bob van Dijk and CFO Basil Sgourdos have sold R1.8 billion of their Naspers and Prosus shares after the companies announced their buyback scheme in June 2022. Two other directors — Mark Sorour and Steve Pacak — have...
    • Jan
    • Thread
    • basil sgourdos bob van dijk mark sorour naspers prosus steve pacak
    • Replies: 3
    • Forum: Broadband and IT News
  11. Jan

    Naspers, Prosus to cut 30% of corporate staff in latest tech layoffs

    Naspers and Prosus cutting staff — including at South African offices Amsterdam-listed Prosus NV and its parent Naspers Ltd. are planning to cut their corporate workforce by 30%, becoming the latest global tech company to announce layoffs. The firm, one of Europe’s largest e-commerce companies...
  12. Jan

    Naspers sends profit warning 45 minutes after market close

    Naspers issues major profit warning Naspers issued a trading update 45 minutes after the JSE closed on Monday, warning shareholders that it expects a major decline in half-year profits. It warned that headline earnings per share for its continuing operations would decline by between 100% and...
  13. Jan

    Prosus gives up $403 million stake in Russia's VK social network

    Naspers-owned Prosus gives up R7 billion investment for nothing Prosus NV gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions. VK sold the shares acquired from the Dutch e-commerce company to its management team...
  14. Jan

    Naspers boss sold R1.6 billion stock into company share buyback programme

    Naspers CEO dumps R1.6 billion in shares during company's aggressive stock buyback Naspers CEO Bob van Dijk sold R1.6 billion in Naspers shares over the last two weeks while the company was on a buyback spree. Over the last few days, Naspers announced that Van Dijk sold his shares in a few...
  15. Jan

    Tencent shares worth $7.6 billion appear in Hong Kong clearing system - is it Prosus?

    Worries that Naspers-owned Prosus will offload R131-billion Tencent stake Tencent Holdings Ltd. shares worth $7.6 billion (R131 billion) appearing in Hong Kong’s clearing and settlement system has fueled speculation that a large stakeholder may be selling its holdings. About 192 million of...
  16. Jan

    Tencent leads China tech losses as Naspers-owned Prosus plans to cut its stake

    Chinese tech stocks fall after Naspers-owned Prosus announces share buyback plan Chinese technology stocks fell as a plan by Tencent Holdings Ltd.’s major backer to further cut its stake in the company fueled concerns more investors may look to take profits following a strong rally. The Hang...
  17. Jan

    Naspers - from media giant, to ecommerce, to video games

    All the companies Naspers owns Naspers' empire extends from its ecommerce and media holdings in South Africa to indirect ownership of some of the world's biggest game studios. The company announced its annual financial results on Monday, reporting a 24% revenue increase to $36.7 (R581.3...
    • Jan
    • Thread
    • digital extremes discord epic games media24 naspers naspers foundry olx prosus riot games takealot tencent
    • Replies: 6
    • Forum: Broadband and IT News
  18. Jan

    Prosus selling its Tencent shares to buy back its stock

    Naspers-owned Prosus selling Tencent stock to buy back own shares Naspers and Prosus have announced a share repurchase programme, where it will sell a portion of the group's Tencent Holding shares to buy back its own stock. The repurchase programme will be funded by the on-market sale of...
  19. Jan

    ByteDance disbands Shanghai games studio in expansion setback

    ByteDance Disbands Shanghai Games Studio in Expansion Setback ByteDance Ltd. has shut down a game development studio it acquired just three years ago, slashing more than a hundred jobs in a major setback for its quest to challenge Tencent Holdings Ltd. in mobile gaming. [Bloomberg]
  20. Jan

    South Africa's biggest public IT companies

    The biggest IT companies in South Africa South Africa has several home-brewed information technology companies worth well over R1 billion. After making enormous gains during the height of the Covid-19 pandemic, most major global tech shares have taken a beating in 2022.
    • Jan
    • Thread
    • altron alviva datatec eoh johannesburg stock exchange (jse) karooooo mustek naspers prosus
    • Replies: 2
    • Forum: Broadband and IT News
  21. Jan

    Fund founder tears into Naspers management's multi-billion blunders

    Naspers management slated for making multi-billion blunders Ranmore Fund Management founder, Sean Peche, has slated Naspers and Prosus management for their failure to unlock value for South African savers and investors. In a series of comments on Twitter, Peche explained why he believes the...
    • Jan
    • Thread
    • albert saporta naspers prosus ranmore fund management sean peche tencent
    • Replies: 5
    • Forum: Broadband and IT News
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