Naspers’ $10bn set for acquisitions

Naspers has its sights set on acquisitions as it targets “significant investments” for its $10 billion (R140 billion) cash pile in the next couple of months, chief financial officer (CFO) Basil Sgourdos said.

“In the first half of this year, we have done about $750 million in deals, and there are some near-term opportunities coming up,” Sgourdos said. – Bloomberg