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Naspers rumoured to be buying a stake in an Indian business

The Naspers rumour mill is churning, this time about a potential acquisition in India, The Times of India reported over the weekend: South Africa's Naspers may acquire RedBus. RedBus? What is that? Well, it turns out that it is less exciting than you may think, a simple online ticketing website for bus travel across India. In classic Naspers style, they will look to acquire a stake in the business and then perhaps more as time goes on. The business RedBus just turned a maiden profit after seven years of operating, but as you can see fits the entrepreneurial spirit that Koos Bekker seems to identify so well. A stake, perhaps 30 to 51 percent, valuing the business as more than 100 million Dollars is no small cheque for Naspers, between 30 to 50 million Dollars. Naspers results this time next week, it should be exciting!


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