Published 3 years ago

Prosus to sell 2% Tencent stake worth $15 billion

Summary by Reuters

Dutch-based technology investment company Prosus NV plans to sell a 2% stake in software giant Tencent, worth about $15 billion at current prices, in an accelerated offering to institutional investors.

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Times of India

Prosus to sell 2% stake in Tencent worth $15 billion

Dutch-based technology investment company Prosus NV is to sell a 2% stake in software group Tencent, worth about $15 billion at current prices, in what could potentially be the biggest block trade on record.

3 years ago·India

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Yahoo News

Tencent Top Holder Prosus to Sell Up to $14.6 Billion Stake

(Bloomberg) -- Prosus NV plans to raise as much as $14.6 billion from the sale of shares in Chinese internet giant Tencent Holdings Ltd., further growing its war chest for new e-commerce deals.The Amsterdam-listed firm will sell a 2% stake in Tencent, reducing its holding to just under 29% while remaining the biggest shareholder, according to a statement on Wednesday. The price range was set at HK$575.00 to HK$595.00, a discount to the last trad…

3 years ago·Los Angeles, United States

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Reuters

Prosus to sell 2% Tencent stake worth $15 billion

3 years ago·United Kingdom

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South China Morning Post

Prosus, Tencent’s biggest shareholder, reveals plan to sell 2 per cent stake

Prosus, Tencent Holdings’ biggest shareholder, said on Wednesday that it plans to sell a 2 per cent stake in the Chinese social-media juggernaut to fund the expansion of its own online businesses, which have been thriving amid the global outbreak of Covid-19.The company, which is listed in Amsterdam and Johannesburg, will sell up to 191.89 million Tencent shares to global investors through its subsidiary MIH TC Holdings, reducing its stake to 28…

3 years ago·Hong Kong

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News24

Naspers, Prosus shares slip after announcement to reduce Tencent stake

Internet company Prosus, owned by Naspers, on Wednesday announced plans to reduce its stake in Chinese tech giant Tencent by 2%.

3 years ago·South Africa

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Today

Prosus to sell 2% stake in Tencent worth $15 billion

AMSTERDAM, April 7 - Prosus NV, the Dutch-based technology investment company, said on Wednesday it would sell a 2% stake in software giant Tencent worth around $15 billion at current prices in an accelerated offering to institutional investors. REUTERS

3 years ago·Singapore

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