Key Developments: Naspers Ltd (NPSNY.PK)
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19 Jun 2013
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Latest Key Developments (Source: Significant Developments)
VC Investors To Score A Multi-bagger Exit As Naspers Ltd Set To Acquire Redbus-Reuters
Reuters reported that Naspers Ltd is set to acquire Pilani Soft Labs Pvt Ltd which runs the bus ticketing site redBus, giving one of the rare multi-bagger exits to its venture capital investors. Though the deal has not been announced and there is no official word on it yet, sources close to the development said the transaction is valued around $140 million which would mean revenue multiple of around 14x to its FY13 top-line. redBus had clocked a marginal profit in FY12 as per data collated by VCCEdge, the data research platform of VCCircle. Full Article
Naspers Ltd Comments On FY 2013 Revenue Guidance
Naspers Ltd announced that the Company for the fiscal 2013 expects top line growth to continue at more or less the same rate as before. Full Article
Naspers Limited Buys 70% Stake in Romanian Online Retailer eMag-Mediafax News Brief Service
Mediafax News Brief Service reported that Naspers Limited has bought a 70% stake in eMag, an online retailer in Romania, which registered about EUR 150 million in sales in 2011. Naspers Limited has bought the entire stake held by Romanian businessman Mr. Sebastian Ghita (about 40.3%) and half of the stakes owned by Mr. Iulian Stanciu (some 20%) and Mr. Radu Apostolescu (about 8%). eMag said in a press release that Mr. Stanciu, whose stake after the deal stands at 21.6%, will serve as eMag General Manager, and Mr. Radu Apostolescu (with an 8.4% stake) will fill the position of Development Manager. The value of the deal, which will take effect after it is authorized by Romania's Competition Council, has not been revealed to the public. Full Article
Naspers Limited Recommends Dividend
Naspers Limited announced that the Board of Director has recommended annual gross dividend be increased by 24% to GBP3.35 (previously GBP2.70) per listed N ordinary share, and GBP0.67(previously GBP0.54) per unlisted A ordinary share. If approved by shareholders at the annual general meeting to be held on August 31, 2012, dividends will be payable to shareholders recorded in the books on September 21, 2012, and will be paid on September 25, 2012. Full Article
BRIEF-Naspers expects higher full-year earnings
JOHANNESBURG, June 11 - Naspers Ltd : * Core headline earnings per share to be between 15% and 25% higher * Headline earnings per share are expected to be between 25% and 35% higher
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