If you are wondering whether Prosus will squander the Tencent windfall, Friday’s announcement that it has struck a deal with Just Eat Takeaway to buy the remaining stake in a Brazilian food delivery platform should make you feel slightly at ease. 

Prosus, which houses Naspers’s global internet assets that include its prized stake in Chinese tech behemoth Tencent, agreed to pay out €1.8bn to buy the remaining 33% stake in iFood, a platform that ranks as one of the most attractive food delivery businesses in one of the world’s biggest markets.  ..

This article is free to read if you sign up or sign in.

If you have already registered or subscribed, please sign in to continue.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.