South Africa’s Naspers to sell Czech online business for $201 mln

October 26, 2015 admin accusations, chief-executive, its-holdings, martin-shkreli, naspers, netretail, romania, rudest, said-on-monday, shares-plunged, time-selling, valeant, viewers-were

South African media firm Naspers will sell its holdings in two Czech online businesses for $201 million after failing to merge it with a Romanian internet retailer, the company said on Monday. Naspers, which started as an Afrikaans language newspaper publisher a century ago, said the disposal of online retailer Netretail and price comparison platform Heureka was part of a plan to optimise its group structure. After different strategies prevented Naspers from merging Netretail with Romania’s eMag, both of which it bought in 2012, the company said it decided to focus on eMag as its preferred e-tail platform in the region.

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South Africa’s Naspers to sell Czech online business for $201 mln