Tech investor Prosus reports 82% fall in H1 profit
AMSTERDAM (Reuters) - Technology investor Prosus (JO:PRXJn) NV on Wednesday reported an 82% drop in earnings per share for the half year ended Sept. 30, due to higher investment costs and a...
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Prosus News & Analysis
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Prosus shares slip after investment group warns of earnings decline
By Scott Kanowsky Investing.com -- Amsterdam-listed shares in Prosus (JO:PRXJn) (AS:PRX) moved lower on Tuesday after the Dutch e-commerce investment group warned that income would fall...
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Prosus flags expected earnings slump
AMSTERDAM (Reuters) – Prosus NV, a major investor in consumer internet companies, expects earnings for the six months to Sept. 20 to have dropped by at least 79.9% from the same period...
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Prosus and Naspers benefit from Tencent special dividend
Following Tencent’s $20bn Meituan stake cut.
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News24.com | Tencent's plan to distribute R345bn Meituan stake as dividend boosts Prosus, Naspers
Tencent pledged to distribute the majority of its shares in meal delivery giant Meituan to investors, as China’s social media leader ramps up plans to reduce its extensive holdings across...
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News24.com | Prosus gives up stake in Russian social media site
Prosus gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions.
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Naspers-owned Prosus gives up R7 billion investment for nothing
Prosus NV gave up its stake in Russia’s largest social network for nothing, walking away from a company run by an executive under US sanctions.
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Prosus gives up R7-billion stake in Russia’s VK
The Naspers unit gave up its stake in Russia’s largest social network for nothing, walking away from the company.
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Prosus gives up $403m stake in Russia’s VK social network
Prosus, which owned a 27% stake in VK, said in March it would write off $769 million following the Russian invasion of Ukraine.
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Barclays, Citigroup, Deutsche Bank lose money on currency hedges for broken Prosus acquisition: WSJ
Barclays PLC , Citibank Inc. and Deutsche Bank AG lost money in currency hedges issued to Prosus after its acquisition of India-based payments company BillDesk fell through, The Wall...
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Prosus & Naspers deny report they are in talks to sell Tencent stake
AMSTERDAM (Reuters) – Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as “untrue” a report that they are in talks to sell their large stake...
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Small jump for Naspers and Prosus
Traders and asset managers have been taking advantage of the sharp drop in the share prices.
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European stocks jump on Fed slowdown hopes, Prosus slides on China woes
(Reuters) – European shares rose on Monday, driven by hopes that the Federal Reserve could slow its pace of interest rate hikes, while investors braced for a busy week of earnings and a...
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Prosus to sell Russian classifieds business Avito
To Kismet for R44.5bn.
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News24.com | Prosus sells online ads business to Russian businessman
Naspers subsidiary Prosus is selling its Russian online classifieds business Avito to 45-year-old Russian businessman Ivan Tavrin.
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Prosus says it will sell Russian classifieds business for $2.4B
AMSTERDAM (Reuters) – Prosus, the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito for 151 billion rubles, or around $2.4...
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News24.com | STOCK TAKE | Prosus gets Indian reprieve - and contender for most-hated firm in SA
Our view on the business stories of the day.
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Prosus Drops $4.7 Billion Deal for India's BillDesk
By Geoffrey Smith Investing.com -- Prosus (OTC:PROSF), the Naspers-owned tech holding company, said on Monday it is walking away from a $4.7 billion deal to buy India's BillDesk, in another...
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News24.com | Prosus' R85 billion deal to buy India's BillDesk falls through
PayU, the subsidiary of Prosus, has called off the $4.7 billion deal to buy India's BillDesk after the transaction failed to meet certain conditions by the end of September
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Prosus cancels $4.7bn acquisition of India’s BillDesk
Prosus shares have declined 27% in Amsterdam trading this year.
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Prosus terminates $4.7 billion deal to buy BillDesk
AMSTERDAM (Reuters) – Technology investor Prosus NV has “terminated” a $4.7 billion deal to buy payments platform BillDesk, it said on Monday, adding that conditions had not been...
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ECB to Hike, Powell Speaks, Oil Stable After Slump - What's Moving Markets
By Geoffrey Smith Investing.com -- The European Central Bank may announce its biggest ever interest rate hike in an effort to prop up the ailing euro. Federal Reserve chair Jerome Powell...
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Just Eat Takeaway Shares Surge After €1.8 Bln Sale of Stake in Brazil's iFood
By Scott Kanowsky Investing.com -- Amsterdam-listed shares in Just Eat Takeaway (AS:TKWY) soared by more than 26% on Friday after the ailing food delivery service announced a sale of its...
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Prosus To Buy Remaining Stake In iFood From Just Eat
Prosus (JO:PRXJn), a global consumer internet group and one of the largest technology investors in the world, today announced it has agreed to acquire the remaining 33.3% stake in iFood,...
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Tencent falls 2.5% as Prosus, Naspers say to gradually sell shares
HONG KONG (Reuters) -Shares of Chinese internet gaming and social media giant Tencent Holdings Ltd (HK:0700) gave up early gains to fall as much as 2.5% to HK$374.60 in the early afternoon,...
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Prosus Shares Rise After Parent Naspers Announces Tencent Stake Sale
By Scott Kanowsky Investing.com -- Shares in Prosus (JO:PRXJn) (AS:PRX) spiked by more than 14% on Monday, after the technology investor's parent company dropped its vow not to sell...
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European Markets Rise as Momentum from Asia, U.S. Lingers
By Scott Kanowsky Investing.com -- European stocks opened broadly higher to touch a two-week high on Monday, following on from gains made in Asia and a late-week rally on Wall Street, as...
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Prosus, Naspers To Sell More Of Tencent Shares To Fund Buybacks
Today, Prosus (JO:PRXJn) and Naspers (JO:NPNJn) announced the start of an open-ended share repurchase programme of Prosus and Naspers shares. This programme will be funded by regularly...
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Naspers Announces The Disposal of Close To R63 Billion Of JD.Com Shares
South Africa’s internet behemoth Naspers (JO:NPNJn) announced today it has sold close to $4 billion or R63 billion worth of stock in JD.com that it received as dividends from investee...
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European Stocks Open Higher as Talks Progress, Oil Slides Ahead of Fed
By Geoffrey Smith Investing.com -- European stock markets opened higher on Tuesday on further signs of progress in peace talks between Ukraine and Russia, which also brought much-needed...
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Tencent Tumbles Again on Likely China Fine
Investing.com – Tencent (HK:0700) (OTC:TCEHY) stock was down 10.2% in Hong Kong trading Tuesday, its second straight day of such heavy losses on reports the online giant faces a potential...
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