All the companies Naspers owns
Through various investments, Naspers is a global ecommerce, media, and gaming powerhouse.
Subscribe Naspers’ empire extends from its ecommerce and media holdings in South Africa to indirect ownership of some of the world’s biggest game studios.Subscribe 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.This comes as Naspers reported a 40% drop in core headline earnings to $2.Tencent adapted to regulatory changes in China, which crackdown on technology companies.
The company announced its annual financial results on Monday, reporting a 24% revenue increase to $36.7 (R581.“Today, we are announcing an open-ended share repurchase programme that is designed to unlock significant value for our shareholders over time,” van Dijk said.3 billion) for the period 1 April 2021 – 31 March 2022." Group trading profit declined by 10% to $5 billion, while it reported group revenue growth of 24% to $36.Its ecommerce portfolio delivered revenue growth of 49% to $10.” “It will also rebalance our asset base towards our fast-growing non-Tencent assets, whose value we expect to increase over time while retaining exposure to Tencent’s significant value creation potential,” he added.7 billion (R169.
5 billion).“Tencent is supportive of the withdrawal by Prosus of its voluntary restriction on the sale of its Tencent Shares,” the group added.9% stake in the company after selling 2% in 2021.Naspers said this growth resulted from strong operational execution and momentum in all ecommerce segments despite the turbulent environment.“This performance is set against a stand-out performance in the prior year and significant global volatility,” said Prosus and Naspers CFO Basil Sgourdos.It received authorisation from Naspers and Prosus shareholders for the repurchase programme during meetings held on 24 and 25 August 2021.“The macro-economic and severe geopolitical challenges in the second half of the year have presented significant headwinds.READ | Naspers loses R100 billion in value in a single day as Tencent woes bite "The combination of the war in Ukraine, higher inflation and rising interest rates drove up the cost of capital and increased uncertainty," it said.” Sgourdos said their operations remain strong.The group said it would request similar permission during its 2022 Prosus Annual General Meeting.
“With improved profitability at the core, we are investing to scale into adjacent opportunities across our segments,” he said.Naspers said it would continue disciplined investment into scaling out these growth adjacencies to build bigger and more valuable businesses.Separately, the companies also announced that Prosus (R58.Taking substantive action to reduce the discount is a priority.“Reflecting market realities, investment will be balanced with a focus on reducing costs and driving profitability in the core, and setting even higher targets for merger & acquisition returns,” the company said.“While the segments demonstrated core profitability, overall trading profit was lower than last year, reflecting investment in scaling the large adjacent opportunities in the segments, which serve significant consumer needs.Prosus received just short of 132 million JD.” Naspers said it aims to bring its ecommerce portfolio to profitability and build significant additional value.The programme is expected to result in the sale of Tencent shares, and buyback of Naspers and Prosus shares on a daily basis.
From newspapers, to pay-TV, to Internet giant Naspers was founded in 1915 as news media company “Die Nasional Pers”.Tencent’s board of directors declared a special interim dividend on 23 December 2021, where it decided to distribute Class A shares of JD.Its first publication was the De Burger newspaper in 1915, which remains in print as Die Burger The following year it began publishing De Huisgenoot , which is still in publication as the Huisgenoot magazine.Naspers invested in several print and publishing companies after entering the book publishing market in 1918.The shares received by Prosus represented the majority of JD." The group said Tencent was supportive of the withdrawal by Prosus of its voluntary restriction on the sale of its Tencent shares.It acquired Human & Rousseau, JL van Schaik, and Drum Publications — the publishers of City Press and Drum magazine.From 1986, Naspers started looking beyond news and print media, co-founding Electronic Media Network (M-Net), the pay-TV broadcaster that would ultimately grow into MultiChoice.Now read:.
into a separate listing on the Johannesburg Stock Exchange on 27 February 2019."We will continue to execute our long-term strategy to build valuable consumer internet businesses to deliver sustainable returns over the long term.Naspers founded News24 and Kalahari.net in 1998.It would go on to acquire Takealot and merge the two companies in 2015.67 billion through the disposal of its shares in JD.Through the acquisition, Naspers would also gain clothing retailer Superbalist, and Mr Delivery (now Mr D) and its substantial logistics network.
Takealot later launched the Mr D Food app to compete with Uber Eats in South Africa.In 2001, it paid $32 million, around R260 million at the time, for a 46.Get the biggest business stories.5% share in Tencent.This would prove to be one of the most successful venture capital investments of all time.Even after disposing of a substantial portion of its Tencent investment, Naspers recently reported its 29% holding in the Chinese Internet and media giant is worth around $132.
3 billion (R2.096 trillion).Naspers spun out its international ecommerce and media investments, including its Tencent stake, into a separate company called Prosus.When Prosus listed on the Euronext Amsterdam stock exchange, it immediately became the biggest Internet company in Europe.Through Prosus, Naspers holds a 99% stake in the OLX Group, which owns AutoTrader and Property24 in South Africa.
Naspers Foundry In addition to its holdings in Takealot and Media24, Naspers continues to invest in South African businesses through Naspers Foundry.“The Foundry team backs and then supports early-stage tech companies in South Africa to help them achieve their full potential,” Naspers stated.Between April 2021 and March 2022, Naspers Foundry has invested nearly R350m in seven promising technology companies since April 2021: Mobility technology company WhereIsMyTransport — R45 million Digital insurance advice platform Ctrl — R34 million South Africa’s first fully digital insurance platform, Naked — R120m Car subscription platform Planet42 — R54 million On-demand earned wage access platform, Floatpays — R15m B2B fresh produce marketplace, Nile — R40m Financial advisory platform, LifeCheq — R40m These seven investments took Naspers Foundry’s portfolio to twelve companies with a combined investment of nearly R700 million since its launch in 2019.Naspers expects to announce more backing for promising South African tech companies in the coming months.Tencent, gaming giant With its stake in Tencent, Naspers has exposure to social networks like WeChat and the global video games industry.
Tencent owns game studios like Riot Games (League of Legends, Valorant), Digital Extremes (Warframe), and Turtle Rock Studios (Left 4 Dead, Back 4 Blood).It holds a 40% stake in Epic Games, the creator of the Unreal Engine and Fortnite, and Epic Games Store operator.Tencent is also an early backer of popular gaming community and voice chat application Discord.Naspers’ holdings are summarised in the graphics and table below.Naspers portfolio.
Naspers-owned Prosus selling Tencent stock to buy back own sharesProsus also sold JD.com shares it received from Tencent for $3.7 billion (R58.6 billion).
Naspers, Prosus hit by earnings decline, to start selling off Tencent stake to fund share buyback | Fin24Naspers and its subsidiary Prosus will slowly be selling off parts of its stake in Chinese tech giant Tencent in order to fund an open-ended programme to repurchase its own shares. | Fin24
Naspers selling off Tencent sharesNaspers attributes the decline in headline earnings due to a period of slower growth at Tencent.
Tencent falls 2.5% as Prosus, Naspers say to gradually sell sharesDutch technology investment company Prosus_Ventures and its controlling shareholder Naspers said on Monday they intend to sell down their enormous stake in Chinese software giant TencentGlobal. Moneyeweb Prosus Naspers
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