Technology27.10.2006
Naspers after M-Net stakes?
The prospective buyer was not named but there has been speculation in the marketplace for some time that media giant Naspers (NPN) – majority owner of M-Net and SuperSport – might be interested in purchasing Johncom’s 38.56% stake in the lucrative pay-television business.
The news saw Johncom’s share price soar 11.11% or R7.50 to a record high of R75 per share.
Naspers’ share price has also been on the rise in recent weeks. At 13:55, Naspers’ shares were up 1.56% or R2 at R130 per share.
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