Naspers to sell more

Africa's biggest media company, Naspers, will sell an extra 7,5 percent stake in its Multichoice pay-TV business to black investors after a first stake offer was oversubscribed by almost three times.

Africa's biggest media company, Naspers, will sell an extra 7,5 percent stake in its Multichoice pay-TV business to black investors after a first stake offer was oversubscribed by almost three times.

Naspers announced in September it would sell 15 percent stakes in two core businesses - Multichoice and its Media24 print division. The new Multichoice stake up for grabs will go to investors who applied to the first offer and were unsuccessful. - Reuters

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