Naspers raises $9.8 billion from Tencent stake sale

Naspers raises $9.8 billion from Tencent stake sale

6 years ago
Anonymous $gIi3-PxxKB

https://www.reuters.com/article/us-naspers-tencent-holdings-share-sale/naspers-raises-9-8-billion-from-tencent-stake-sale-idUSKBN1GZ0QJ

South Africa's Naspers has raised $9.8 billion from the sale of a 2 percent stake in Chinese investment Tencent to strengthen its balance sheet and fund growth in its e-commerce businesses, it said on Friday.