Prosus to buy shares in parent Naspers as valuations lag Tencent stake
By Olachi in Business
Updated 3 years ago
AMSTERDAM, May 12 (Reuters) - Amsterdam-based technology investor Prosus NV on Wednesday announced plans to acquire up to 45.4% of its parent Naspers of South Africa by issuing new shares. Naspers, which has a controlling stake in Prosus and would remain majority owner, hopes the deal will improve valuation for...