The Johannesburg-listed Naspers acquired 46.5 per cent of Tencent for only $32 million back in 2001, when the Chinese company was just a plucky start-up. In the years since, Naspers' stake in Tencent has whittled down to around the 29 per cent.

When did Naspers buy into Tencent?

In May 2001, Naspers purchased 46.5 percent of Chinese internet company Tencent, owner of WeChat, and an array of fintech apps and mobile games, from early investors including PCCW (the owner of Now TV) and IDG Capital. The investment has been referred to as one of the most successful venture capital deals of all time.

Who owns Tencent Naspers?

Try refreshing the page. Prosus, the European-based technology listed subsidiary of South African giant Naspers, has bought 49.5% of its parent, in a move widely considered a means of moving the hugely valuable one-third stake of mobile giant Tencent from Africa into Europe.

How much did Naspers make on Tencent?

Naspers paid $34 million for its initial Tencent stake, likely one of the greatest venture-capital investments of modern history. Now Tencent, the world's largest videogame company by revenue, has a market capitalization equivalent to $780 billion.

What happened to Naspers?

A share swap transaction aimed at reducing Naspers' weighting on the JSE's SWIX index is now complete. In a notice to shareholders issued on Monday, Naspers indicated that Prosus now holds 49% of Naspers ordinary shares. Naspers is still a majority shareholder of Prosus, owning 56.92% of Prosus ordinary shares.

Buy Tencent Stock at a Discount? : Why Mohnish Pabrai Loves Naspers - (Naspers / Prosus Analysis)

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Why is Naspers dropping?

Naspers loses more than R50bn as a crackdown by Chinese authorities on technology firms continues to hamper its prospects. ... “We are pleased with the outcome of the Prosus voluntary share exchange offer,” said Bob van Dijk, group CEO for Prosus and Naspers, in a statement.

What American companies does Tencent own?

Tencent owns a 40% stake in Epic Games, the maker of popular video game Fortnite. Tencent also bought a majority stake in Riot Games in 2011 and acquired the rest of the company in 2015. Riot Games is the developer of "League of Legends," one of the world's most popular desktop-based games.

Did Naspers sell Tencent?

Naspers sold 2 per cent of Tencent in March 2018 at HK$405 per share, ahead of a 45 per cent price plunge to HK$259 over the next seven months that took another eight months to claw back. ... Some investors worry that this latest sale by Tencent's largest shareholder presages another sell-off.

Does Prosus own Tencent?

Prosus holds parent Naspers Ltd.'s 29% stake in Tencent. The Cape Town-based company made an initial investment in the Chinese game-maker in 2001 and in 2019 spun-off most of its internet assets into Prosus and listed it on the Euronext exchange.

How much of Tencent is owned by Prosus?

Prosus owns a 28.9% stake in Tencent, the Chinese software and gaming behemoth.

What is the relationship between Prosus and Naspers?

Under the deal, which was declared unconditional last week, Prosus bought 45% of Naspers shares, bringing its ownership in Naspers to 49% in all. Under the cross-holding arrangement, Naspers owns around 57% of Prosus and will keep voting control. The two companies share a single board.

What companies does Prosus own?

Business

• E-commerce - including its subsidiary, OLX (100%)
• Fintech - including its subsidiary, PayU (98.8%)
• Food delivery - including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%)
• Retail - including its subsidiary, eMag (80.1%)
• Travel - including its associate, Ctrip (6%)

Is Naspers undervalued?

Naspers Stock Is Estimated To Be Significantly Undervalued.

When did Bob van Dijk join Naspers?

Bob van Dijk became Group CEO of Naspers in April 2014, assuming the additional role of Group CEO of Prosus at its listing on the Euronext Amsterdam stock exchange in September 2019, and has more than two decades' experience managing online growth companies.

What does Koos Bekker own?

Koos Bekker is a South African billionaire and businessman. He is the sitting chairman of Naspers Limited, a position he assumed in 2015. Prior to this, he was also the CEO of Naspers from 1997 – 2014. Also, Koos is one of the co-founders of M-Net/Multichoice pay-television business in 1986.

Who is the CEO of Naspers?

But as Bekker's successor Bob van Dijk knows all too well, it can cause a few too. These days Naspers holds its stake in Tencent through Prosus, an Amsterdam-listed company it created two years ago.

How do I buy Prosus stock?

Shares of PROSY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

Is Tencent a Chinese company?

Tencent is a world-leading internet and technology company that develops innovative products and services to improve the quality of life of people around the world. Founded in 1998 with its headquarters in Shenzhen, China, Tencent's guiding principle is to use technology for good.

Did Tencent buy riot?

Riot Games is 100% owned by Chinese gaming giant Tencent. Experts have raised concerns about the level of influence Chinese firms may have on companies they invest in or acquire, even if they are foreign. Lin said that Tencent's role is as a publisher.

What does Tencent mean?

It turns out that Tencent, unlike other "Big Three" outfit Alibaba, derives its name from a fusion of the "Chinese characters Teng and Xun which means something like 'galloping fast information,'" Kuo wrote us after the show went off air.