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3 Min Read JOHANNESBURG (Reuters) - Investors in Naspers Ltd - Africa’s biggest company - said on Thursday they want proceeds from a $14.7 billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions or a share buyback. FILE PHOTO: Naspers logo is seen in Johannesburg, South Africa, October 9, 2019. REUTERS/Siphiwe Sibeko/File Photo Naspers’ Dutch-listed subsidiary Prosus NV sold a 2% stake in the Chinese gaming and social media giant on Thursday in the world’s largest-ever block trade, reducing its stake to 28.9%. Prosus’ portfolio is dominated by Tencent, which owns China’s biggest messaging app, WeChat. Bob van Dijk, chief executive of both Naspers and Prosus, said on Thursday the stake sale created the financial flexibility to go for mergers and acquisitions, continue its on-going share buyback programme and explore other ways to create shareholder value.

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