Naspers to unbundle MultiChoice

JOHANNESBURG - One of South Africa's biggest companies is shaking things up.

Media giant Naspers says it will unbundle its pay-TV unit.

Naspers plans to list MultiChoice as a separate stock.

The company says the decision will unlock value for its shareholders.

It already has a stake worth $155-billion in Chinese company, TenCent.

Naspers shares were up just under a percent when markets closed.

 

Source
eNCA