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SAfrica's Naspers offers to buy Poland's Gadu Gadu

Thu Oct 4, 2007 4:21am EDT

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JOHANNESBURG, Oct 4 (Reuters) - South Africa's biggest media group Naspers Ltd (NPNJn.J) offered to buy all outstanding shares in Polish Internet firm Gadu Gadu S.A. GADU.WA for 23.50 zlotys ($8.77) per share, it said on Thursday.

Mergers & Acquisitions

Naspers said if it received a 100 percent acceptance for its offer, the total investment consideration will be $155 million. The South African group said Gadu Gadu's majority shareholder had given an irrevocable committment to tender its 55 percent stake.

Mergers & Acquisitions


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