|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||175.00 - 181.00|
|52 Week Range||136.25 - 261.20|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||13.57|
|Forward Dividend & Yield||0.49 (0.27%)|
|Ex-Dividend Date||Sep 10, 2019|
|1y Target Est||N/A|
Sep.11 -- Naspers Ltd. Chief Executive Officer Bob van Dijk discusses the company's new Dutch listing Prosus NV in an interview in "Bloomberg Markets: European Open."
Prosus and Takeaway.com have both increased their offers as the final deadline to buy the U.K. food delivery company Just Eat nears.
When it comes to M&A, cash is usually king. Not so for Just Eat which on Tuesday rejected an improved offer from Prosus saying the new bid still “significantly undervalued” the U.K. food delivery company.
South African e-commerce giant Naspers reported a 48% slump in half-year profit on Friday, at the better end of its guidance range after a previously-flagged drop in gains on investments at China's Tencent. Founded more than 100 years ago, Naspers has transformed itself from a newspaper publisher into an empire worth almost $70 billion, with its 31% stake in Tencent the jewel in its crown. Naspers said earlier this week its profits could fall by up to 53.6% after a reduction in fair value gains on investments held by Tencent from $1.4 billion in 2018 to $400 million this year.
Shares in Prosus, a spin-off from Naspers that includes the e-commerce group's 31% stake in Chinese tech giant Tencent, surged more than 25% on their stock market debut in Amsterdam on Wednesday, creating one of Europe's largest internet companies. Prosus comprises South African group Naspers' global empire of consumer internet assets, including the stake in Tencent, the world's biggest video game company and home to China's hugely popular WeChat social media platform. "We've become so big that further growth of our company on the JSE (Johannesburg Stock Exchange) would be difficult," Naspers CEO Bob van Dijk told reporters after the listing, which values Prosus at more than $100 billion.
Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday. Prosus comprises Naspers' global empire of consumer internet assets, with the jewel in the crown a 31% stake in Chinese tech titan Tencent. There is "way more demand than is even available, so that’s good," said the CEO of Euronext Amsterdam, Maurice van Tilburg.