Travis, do you have any thoughts on the news that Naspers intends to list their holdings on the European exchange to unlock the value? It seems at one time you were positive on the value being unlocked through holding Naspers. A snippet of the article is below…
”JOHANNESBURG — Africa’s most-valuable company, Naspers Ltd., plans to separately list its internet assets in Amsterdam, creating a European-traded tech giant that will hold its $134 billion stake in China’s Tencent Holdings Ltd.
The new entity will consist of all the conglomerate’s internet interests outside of South Africa, including its 31% stake in Tencent, as well as holdings in Russian social-media operator Mail.ru Group Ltd. and U.S. online marketplace Letgo.
Naspers will retain 75% of the Euronext Amsterdam-listed company, with the remaining shares distributed among its existing shareholders. It won’t raise any money. Naspers hasn’t yet decided how to price shares in the new, unnamed entity but said it would have total assets valued at $140 billion.”
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