Naspers, Prosus to sell Tencent shares to fund buybacks

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Chinese software giant Tencent Holdings said on Monday it noted an announcement from two of its shareholders, South Africa's Naspers Ltd and Prosus, that they would start a long-term, open-ended share repurchase programme.The programme would be funded by on-market sales of Tencent's shares held by the two

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Prosus are only selling to bring down the discount; once thats achieved they will hold. stupid to sell on this.

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