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Prosus buys time with intricate share swap Naspers CEO wants to ensure group does not continue to look as if it is no more than a proxy of Tencent PREMIUM By Tiisetso Motsoeneng - 20 May 2021 Almost immediately after Naspers CEO Bob van Dijk made public the long-awaited plan to tackle his nice-to-have corporate headache, it was obvious it is a short-term solution to a long-term problem. .. This article is reserved for DispatchLIVE subscribers. Get access to ALL DispatchLIVE content from only R45.00 per month. Already subscribed? Simply sign in below. Already registered on HeraldLIVE, BusinessLIVE, TimesLIVE or SowetanLIVE? Sign in with the same details. ....
SoftBank breaks profit records SUBSCRIBE Thank you for subscribing to Daily Top 5 We ll soon meet in your inbox. / Daily Top 5 The SoftBank Group has posted a net profit of $45.8 billion, the highest ever for a Japanese company, as tech stocks continued their rally after record losses last year. Also in this letter: eBay taps into Naspers Vision Fund fuels SoftBank s record profits Details: SoftBank s net profit stood at $17.7 billion for the quarter, led by a $37 billion profit at its Vision Fund unit. For the financial year, SoftBank reported a net profit of $45.9 billion, largely fueled by Vision Fund s $57.8 billion profit. ....
Prosus and Naspers Announce Intention for Prosus to Make a Voluntary Share Exchange Offer to Naspers Shareholders PLEASE SEE THE IMPORTANT DISCLAIMERS AT THE END OF THIS ANNOUNCEMENT. 1. INTRODUCTION Prosus Board ) (Euronext Amsterdam: PRX; JSE: PRX) and the board of directors of Naspers Limited ( Naspers ) (JSE: NPN; LSE: NPSN) are pleased to announce that Prosus intends to implement a voluntary exchange offer in terms of which, among other things, the holders of the N ordinary shares in the share capital of Naspers ( Naspers N Ordinary Shares ) will be entitled, subject to the terms and conditions of the exchange offer, to exchange some of their Naspers N Ordinary Shares for newly issued ordinary shares N in the share capital of Prosus ( ....