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Port Update :

NPN +48 % (65 % of Port)  (B)
OCE +13 % (26 % of Port)   (H)
LON + 120 % (2 % of Port) (H)

Port 2.

BIL + 25 % (93 % of Port) (H)

You do not own part of the company, you do not work for the company, you do not own shares in the company, you are not married to the company, you are in it for the money.

Naspers invests $60 million in online-learning company Udemy to expand global reach

JOHANNESBURG (Reuters) - Media and e-commerce group Naspers, the largest listed company in Africa by market value, said on Thursday that it has invested $60 million in U.S. education-technology firm Udemy.
San Francisco-based Udemy has expanded overseas in the past year and Naspers said it offers more than 40,000 courses available in 80 different languages.
"Naspers is consistently looking to invest in markets where technology can make a significant impact. Udemy has built a technology platform that will transform education on a global scale and we are eager to help them with further expansion," said Naspers Ventures CEO Larry Illg in a statement.
Naspers has transformed itself from an apartheid-era publisher into a $60 billion internet powerhouse by focusing on e-commerce in emerging markets.
Naspers Ventures made a $15 million investment in education-technology firm Brainly in May.
(Reporting by Nqobile Dludla; Editing by Ruth Pitchford)

Cape Town – Naspers [JSE:NPN], Africa’s biggest company by market value, is planning to sell its Polish online auction website Allegro, according to people with knowledge of the matter.
The global internet and entertainment group has hired Morgan Stanley to advise on a potential disposal, said the people, who asked not to be identified because the deliberations are private.
Allegro, which could fetch as much as $3bn including debt, is likely to attract interest from private equity firms as well as technology companies, including Chinese buyers, the people said.
Cape Town-based Naspers is exploring a sale of Allegro after receiving interest from potential buyers, and may sell because the unit isn’t growing as fast as some of its other businesses, one of the people said. The process is at an early stage and there’s no guarantee a sale will go ahead, they said.
Naspers has grown into an almost R1 trillion ($67bn) company through investing mainly in emerging-market internet companies, notably China’s Tencent Holdings and Mail.ru Group of Russia.
Allegro, which is similar to US website eBay, is the number one e-commerce platform in eastern Europe with more than 14 million monthly users, according to the Naspers website.
“It is our company policy to neither acknowledge or deny our involvement in any merger, acquisition or divestiture activity, nor to comment on market rumours,” said Naspers representative Meloy Horn by e-mail on Thursday.
A representative for Morgan Stanley declined to comment.

TENCENT ANNOUNCES 2016 FIRST QUARTER RESULTS

Hong Kong, May 18, 2016 – Tencent Holdings Limited (“Tencent” or the “Company”, SEHK 00700), a leading provider of Internet value added services in China, today announced the unaudited consolidated results for the first quarter of 2016 ended March 31, 2016 (“1Q2016”).

Key Highlights:
 Total revenues were RMB31,995 million (USD4,952 million1), an increase of 43% over the first quarter of 2015 (“YoY”).
 Operating profit was RMB13,398 million (USD2,074 million), an increase of 43% YoY. Operating margin was 42%, the same as the first quarter of 2015.
 Profit for the period was RMB9,268 million (USD1,434 million), an increase of 34% YoY. Net margin decreased to 29% from 31% last year.
 Profit attributable to equity holders of the Company for the period was RMB9,183 million (USD1,421 million), an increase of 33% YoY.
 Basic earnings per share were RMB0.981. Diluted earnings per share were RMB0.970.
 On a non-GAAP basis2, excluding share-based compensation, net (gains)/losses from investee companies, amortization of intangible assets and impairment provision:
- Operating profit was RMB13,484 million (USD2,087 million), an increase of 43% YoY. Operating margin was 42%, the same as the first quarter of 2015.
- Profit for the period was RMB10,134 million (USD1,568 million), an increase of 39% YoY. Net margin decreased to 32% from 33% last year.
- Profit attributable to equity holders of the Company for the period was RMB10,032 million (USD1,553 million), an increase of 39% YoY.
- Basic earnings per share were RMB1.072. Diluted earnings per share were RMB1.059.

  

(Reuters) - Tencent Holdings Ltd is nearing a $6.6 billion deal to buy a majority stake in Finland's Supercell Oy, a person familiar with the matter said, in what would be the biggest-ever purchase of a mobile games maker.

China's biggest social network and online entertainment company plans to buy the 73.2 percent stake in Supercell from Japanese media and telecoms company SoftBank Group Corp (9984.T), valuing the maker of the popular mobile game 'Clash of Clans' at more than $9 billion, the person said, declining to be identified because the matter was confidential.

Analysts said through the deal, Tencent could enhance research and development capability and boost revenue in the world's largest mobile gaming market.

China's mobile gaming revenue is likely to grow 17 percent this year to 60 billion yuan ($9.11 billion), accounting for nearly a quarter of the world's total, according to market researcher TrendForce.

Known for investing in game developers through partnerships and minority stakes, Tencent owns 'League of Legends' developer Riot Games and has a stake in Activision Blizzard Inc (ATVI.O), the owner of the 'Call of Duty' franchise.

Last year, it bought a 15 percent stake in mobile game developer Glu Mobile Inc (GLUU.O), which developed the 'Deer Hunter' and 'Kim Kardashian: Hollywood' games, for $126 million in a move to expand in the U.S. gaming market.

Tencent's purchase of Supercell would surpass the previous record gaming acquisition in November, when Blizzard paid $5.9 billion for 'Candy Crush Saga' creator King Digital Entertainment.





"Tencent has weaker research and development capability and such a deal could help enhance it," said senior director of TrendForce Jeter Teo.

With Supercell's popular games, the deal could boost Tencent's mobile gaming revenue and attract more gamers to the company's ecosystem such as messaging app WeChat and social media platform QQ, said Marie Sun at Morningstar.

Online gaming has long been Tencent's main cash cow. The company reported a 43 percent revenue rise in the first quarter, aided by growth in its gaming and advertising businesses.

The company has enough funds for its latest acquisition. It had $8.6 billion in cash and cash equivalents and $2.9 billion in borrowings at the end of the first quarter. Just last week, it completed a $4.44 billion loan with 20 banks.

Tencent, which is in late-stage talks with SoftBank, is in discussions with several financial investors, including Hillhouse Capital Group, to join in the purchase as co-investors, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. (http://goo.gl/XqrgZy)

An agreement could be disclosed as early as next week, the report said.

Tencent and SoftBank declined to comment, while officials at Supercell were not immediately available to comment.

A deal with Tencent will also mark the third major asset reshuffle by SoftBank in less than a month.

The Japanese media and telecoms company announced a plan earlier this month to sell $10 billion worth of shares in Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) to cut debt, as well as a decision to sell its stake in GungHo Online Entertainment Inc back to the mobile game maker for 73 billion yen ($691 million).

SoftBank expects to book a profit of 200 billion yen to 250 billion yen ($1.89 billion to $2.36 billion) this financial year from the Alibaba share sale, which will reduce its stake in the Chinese firm to around 27 percent from 32.2 percent.

SoftBank said last year it had increased its controlling stake in Supercell to 73.2 percent, without disclosing financial details. Together with GungHo it had bought a majority stake in the mobile games maker in 2013 for about $1.5 billion.


($1 = 6.5840 Chinese yuan renminbi)


(Reporting by Arunima Banerjee in BENGALURU, Liana Baker in SAN FRANCISCO, Yimou Lee and Tris Pan in HONG KONG; Additional reporting by Elzio Barreto; Writing by Miyoung Kim; Editing by Shounak Dasgupta and Kenneth Maxwell)