Why Naspers Unbundled MultiChoice (DStv, GOtv, etc) As A Separate Company

MultiChoice, the brand behind DStv, GOtv, etc, is being unbundled from the Naspers empire, for listing on the Johannesburg Stock Exchange. Naspers is the largest company in Africa by market capitalization. According to www.iol.co.za, yesterday, Naspers has evolved in recent years into two distinct business lines, which are a high growth global Internet business with international focus and African video entertainment business. Naspers noted that given their divergent paths, there was no longer a strategic rationale for keeping both business lines together and there are no synergies between them. The unbundling and listing will result in Naspers’ shareholders holding a … Continue reading Why Naspers Unbundled MultiChoice (DStv, GOtv, etc) As A Separate Company