Naspers CEO Bob van Dijk on decision to unbundle MultiChoice

PUBLISHED: Tue, 18 Sep 2018 10:36:26 GMT

Naspers share price was trading over two percent lower this morning after it revealed it will list its Video Entertainment business separately on the Johannesburg Stock Exchange and unbundle shares in this business to its shareholders by the first half of next year. The new company will be named MultiChoice Group and consist of MultiChoice South Africa, MultiChoice Africa, Showmax Africa, and Irdeto . Phuthuma Nathi shareholders will receive an additional 5 per cent stake in MultiChoice South Africa prior to the unbundling, to increase MultiChoice Group’s broad based black economic empowerment shareholding. Naspers CEO Bob van Dijk joins CNBC Africa for more.

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