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Prosus and Naspers deny report they are in talks to sell Tencent stake

Prosus and Naspers deny report they are in talks to sell Tencent stake

TECHNOLOGY investment firm Prosus NV and its South African parent Naspers rejected as "untrue" a report that they are in talks to sell their large stake in Chinese software and gaming giant Tencent. In a pre-market statement, Amsterdam-based Prosus said an article in Asian Tech Press citing unnamed sources saying that Naspers was in talks with a group of investors led by state-backed CITIC of China to sell its entire Tencent stake was "speculative and untrue". Prosus holds a 28% stake in Tencent worth $70 billion at current prices. It has said it intends to sell the stake down gradually to…
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