By Sheri Kasprzak
New York, March 9 - Naspers Ltd. has completed, with a fully exercised greenshoe, a private placement for ZAR 7.4 billion.
The company sold 45,398,773 shares, including an over-allotment option for 5.7 million shares, at ZAR 163 each.
Naspers plans to use the proceeds to acquire Russian internet portal Mail.ru, Brazilian magazine publisher Abril and Chinese sports publisher Titan.
Based in Cape Town, South Africa, Naspers is a media company.
| Issuer: | Naspers Ltd.
|
| Issue: | Stock
|
| Amount: | ZAR 7.4 billion
|
| Shares: | 45,398,773 (includes greenshoe for 5.7 million shares)
|
| Price: | ZAR 163
|
| Warrants: | No
|
| Settlement date: | March 9
|
| Stock symbol: | Nasdaq: NPSN
|
| Stock price: | $24.17 at close March 9
|
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