• South African tech and media conglomerate Naspers made $2.2 billion from Flipkart sale

    18 days ago - By Tech Crunch

    Naspers , the South African tech and media conglomerate, continues to have an incredibly hot hand when it comes to global tech investment.
    Famous for owning a huge chunk of the Chinese Internet powerhouse, Tencent and a big chunk of Mail.ru , Naspers just made $2.2 billion off of the sale of Flipkart to Walmart .
    The South African company had an 11.18% stake in Flipkart and the sale represents an IRR of 32%, the company said.
    Naspers originally backed Flipkart five years after the company's launch in 2007 and had invested roughly $616 million into the company since that time.
    Naspers said...
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