Naspers is a multinational media company with principal operations in electronic media acquired Tradus at nearly $2 billion

About Company:
Naspers is a multinational media company with principal operations in electronic media (including pay-television, internet and instant-messaging subscriber platforms and the provision of related technologies) and print media (including the publishing, distribution and printing of magazines, newspapers and books, and the provision of private education services). Naspers’ most significant operations are located in South Africa, where it generates approximately 76.4% of its revenues, with other operations located elsewhere in Sub-Saharan Africa, Greece, Cyprus, the Netherlands, the United States, Thailand and China. Naspers creates media content, builds brand names around it, and manages the platforms distributing the content. Naspers delivers its content in a variety of forms and through a variety of channels, including television platforms, internet services, newspapers, magazines and books.

About Acquired Company :

Tradus provides online consumer trading platforms and related internet services in eleven European countries.

Abot VCs Deal:
At $36.32 per share, Naspers valued Tradus at nearly $2 billion, which is 26.7% higher than the average share price during Naspers’ most recent half-year, according to Paid Content. Naspers is looking to branch into another direction–namely transaction-based e-commerce services. The company, which acquired Polish IM client Gadu-Gadu in October, is also part of Naspers’ online businesses.
In focusing on Internet expansion, Naspers has established a new company called MIH Internet, which operates under its Myriad International Holdings division. This makes sense for MIH to handle the acquisition of Tradus, as MIH already dabbles in emerging markets on a global scale, including M-Web and Tencent, among others.



More at:http://www.naspers.com/

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