Naspers

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Published on August 29, 2021 8:54:32 AM ● Video Link: https://www.youtube.com/watch?v=nOJG0CJT_hk

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Naspers Limited is a South African multinational holding company headquartered in Cape Town, with interests in publishing, online retail and venture capital investing in the consumer internet sector. Naspers' principal shareholder is its Dutch listed subsidiary Prosus, which owns approximately 49% of its parent as part of a cross ownership structure.Founded in 1915 by attorney W. A. Hofmeyr, Naspers was the largest publishing company in South Africa throughout the 20th century with interests across newspapers, magazines and books. In the 1980s the company began to diversify, launching a subscription television service and investing in markets outside of South Africa for the first time.
In 2001, Naspers made an early investment in Chinese technology firm Tencent and became increasingly focused on the global consumer internet sector. In 2019, Naspers listed its global internet investment business unit Prosus (including a 31% stake in Tencent) on Euronext Amsterdam.
Naspers currently owns a 56.92% stake in Prosus and wholly owns Media24 (Africa's largest publishing company), Takealot.com (South Africa's largest online retailer) and Naspers Foundry, a South African focused venture capital fund.

Source: https://en.wikipedia.org/wiki/Naspers
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