Share
Naspers CEO Bob van Dijk on decision to unbundle MultiChoice
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.
Tue, 18 Sep 2018 10:36:26 GMT
SIGN UP FOR OUR NEWSLETTER
DAILY UPDATE
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent.
Get this delivered to your inbox, and more info about about our products and services. By signing up for newsletters, you are agreeing to our Terms of Use and Privacy Policy.