Naspers is a leading multinational media group, incorporated in 1915 as a public limited liability company and listed on the Johannesburg Stock Exchange (JSE) in September 1994. The company also has an ADR listing on the London Stock Exchange (LSE).
Over the past two decades the group has evolved from a traditional print media business in one country, to a broad-based e-media company in multiple markets.
The group's principal operations are in internet platforms (focussing on commerce, communities, content, communication and games), pay-television and the provision of related technologies and print media (including publishing, distribution and printing). Most of Naspers's businesses hold leading market positions.
The group's most significant operations are located in South Africa and elsewhere in Africa, China, Central and Eastern Europe, India, Brazil, Russia, Thailand and the Netherlands.
JOHANNESBURG (Reuters) - Naspers is cutting its stake in lucrative Chinese investment Tencent by as much as 2 percent in a deal that could net the South African media and e-commerce group up to $11 billion.