Announced
Financials
Sources
Tags
Cross Border
Tender Offer
Minority
Public
Single Bidder
Friendly
Pending
Acquisition
digital communications
media
South Africa
Online and Social Platforms
Digital Services
classifieds marketplace
Synopsis
Prosus, a global consumer internet group, offered to acquire a 45.4% stake in Naspers, a South African multinational holding company headquartered in Cape Town, for $44.9bn. On completion, it is expected to more than double the Prosus free float’s effective economic interest in the group’s underlying assets, improving the stock’s liquidity, and place Prosus in the Top 20 of EURO STOXX 50 Index companies, improving its market index weightings.
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