South African media company Naspers is cashing in a tiny sliver of one of the greatest venture-capital investments ever. Photo: ReutersJohannesburg: South African media company Naspers Ltd. is cashing in a tiny sliver of one of the greatest venture-capital investments ever. The stake is now worth $175 billion and given that Naspers has a market value of about $125.5 billion, it means investors place no value on Naspers’ other operations and investments. Naspers will use the money from the sale of Tencent shares to invest in its classifieds, online food delivery and fintech businesses and make other investments, it said. Naspers shares fell 4.2% to 3,315 rand at 12:05 pm in Johannesburg.

Source: Mint March 22, 2018 10:30 UTC