Naspers - History

History

Naspers was founded as De Nationale Pers (The National Press) on 12 May 1915. At first it only published a newspaper, De Burger (from 1922: Die Burger), but soon expanded and in 1916 published its first magazine De Huisgenoot. D F Malan, a former minister in the conservative Dutch Reformed Church was persuaded to become editor and was the main supporter of Hertzog's National Party. In 1918 the company took a further step towards expansion when its book publishing operations were founded as De Burger Boekhandel. Piet Cillié, editor of Die Burger from 1954 until 1985 was a staunch supporter of the National Party, under B J Vorster and P W Botha . Cillie' upheld the apartheid system through many pro-segregation editorials until the very end.

In 1985, Nasionale Pers and a number of other South African media companies formed an electronic pay-television media business, M-Net, which was listed on the JSE Securities Exchange (JSE) in 1990. In 1993, M-Net was divided into two companies - M-Net itself became a pure pay-television station while the company's subscriber management, signal distribution and cellular telephone activities were formed into a new company called MultiChoice Limited (later renamed MIH Holdings Limited).

Nasionale Pers itself listed on JSE on 12 September 1994 and in 1998 the group's name changed to Naspers.

In 1997, MIH Ltd. created an internet service provider, M-Web Holdings, which also runs M-Web Blogspace, a popular South African blogging platform.

In September 1999, Naspers purchased a 49% share holding in EvaluNet and then in January 2000, merged its existing private education activities with that of another leading South African private education business to form Educor Holdings Limited - one of the leading private education providers in South Africa. During the same year, Naspers also re-organised and branded its print media business as its "Media24" division.

In May 2001, Naspers acquired a 46.5% interest in Tencent Holdings Limited, the operator of an instant messaging platform in China called QQ, which subsequently developed into the leading business of its kind in China. In a quest to further expand its business in China, the company acquired a 9.9% interest in the Beijing Media Corporation (“BMC”) in December 2004. BMC is a media company mainly engaged in the sale of advertising space for the Beijing Youth Daily as well as the production of newspapers and the trading of print-related materials.

In February 2005, Naspers acquired the South African internet interests of Tiscali. On 31 March of the same year, Naspers consolidated all its print media, book publishing and private education assets in its Media24 division in order to simplify the group's structure.

In May 2006, Naspers acquired, for US$ 422 million, a 30% interest in the Brazilian media group Editora Abril, publishers of dozens of titles, the most important of which being Revista Veja.

In January 2007, Naspers acquired a 30% interest in MXit Lifestyle, the operator of a mobile instant messaging platform in South-Africa called MXit.

Also in January 2007, Naspers acquired a 30% interest in Mail.ru, Russian operator of Mail.ru Agent, an instant messaging service for desktop PCs and mobiles. In November 2007 the company acquired a further 2.6% of Mail.ru .

In October 2007, Naspers acquired Gadu-Gadu, a listed Polish instant messaging business with c.8 million registered accounts (of a population of 38 million).

In March 2008, Naspers acquired Tradus (formerly QXL and listed on the London Stock Exchange), which provides an online auction platform and internet portals in Central and Eastern Europe. The company owns Allegro.pl, which is the leading online auction site in Poland. At £946 million, this acquisition represents Naspers' largest acquisition to date.

In August 2008, Naspers acquired a 25% stake in BuzzCity through MIH, its investment arm. BuzzCity is a mobile media company providing access to a global advertising network on the mobile internet for brand owners and agencies. The network is made up of publishers worldwide and BuzzCity’s own mobile media properties, including the myGamma social networking platform which is aimed at regions with low fixed-line internet penetration.

In September 2008, Naspers acquired a 49% interest in Compera nTime, mobile value-added services company in Brazil. During 2010 Compera nTime acquired a competitor Yavox. The enlarged group has been renamed Movile. Having Brazil as its core market, Movile is also present in Mexico, and is expanding to other Latin-American countries.

In August 2009, it was announced that Naspers would increase its stake in BuzzCity by MIH purchasing US$1 million of shares from Exploit Technologies, the marketing and commercialisation arm of A*STAR.

In September 2009, Naspers acquired a 91% interest in BuscaPé, provider of comparison shopping systems for more than 100 portals and Web sites in Latin America, including Microsoft, Globo and Abril.

In September 2011, Naspers sold its 30% interest in MXit lifestyle to South African investment group World of Avatar.

In July 2012, Naspers acquired eMAG, one of the biggest ecommerce sites in Romania. Two of the actual managers of eMAG will keep their positions and will acquire 21.6% and 8.4% from company share. In Romania, Naspers also owns PayU Romania, online platforms autovit.ro, mercador.ro, compari.ro and Fashion Days is one of the shareholders. CEO Koos Bekker discloses that he owns R6bn in shares. His annual remuneration is in the region of R680million.

In Nov 2012, Naspers took a significant minority stake in Souq.com, the leading Ecommerce portal in the Middle East) and in CashU, the leading E-Payments firm in the Middle East and North Africa.

Read more about this topic:  Naspers

Other articles related to "history":

Spain - History - Fall of Muslim Rule and Unification
... The breakup of Al-Andalus into the competing taifa kingdoms helped the long embattled Iberian Christian kingdoms gain the initiative ... The capture of the strategically central city of Toledo in 1085 marked a significant shift in the balance of power in favour of the Christian kingdoms ...
Xia Dynasty - Modern Skepticism
... The Skeptical School of early Chinese history, started by Gu Jiegang in the 1920s, was the first group of scholars within China to seriously question the traditional ... early Chinese history is a tale told and retold for generations, during which new elements were added to the front end" ...
History of Computing
... The history of computing is longer than the history of computing hardware and modern computing technology and includes the history of methods intended for pen and paper or for chalk and slate, with ...
Casino - History of Gambling Houses
... has been seen in almost every society in history ... Greeks and Romans to Napoleon's France and Elizabethan England, much of history is filled with stories of entertainment based on games of chance ... In American history, early gambling establishments were known as saloons ...
Voltaire - Works - Historical
... History of Charles XII, King of Sweden (1731) The Age of Louis XIV (1751) The Age of Louis XV (1746–1752) Annals of the Empire – Charlemagne, A.D ... II (1754) Essay on the Manners of Nations (or 'Universal History') (1756) History of the Russian Empire Under Peter the Great (Vol ... II 1763) History of the Parliament of Paris (1769) ...

Famous quotes containing the word history:

    Bias, point of view, fury—are they ... so dangerous and must they be ironed out of history, the hills flattened and the contours leveled? The professors talk ... about passion and point of view in history as a Calvinist talks about sin in the bedroom.
    Catherine Drinker Bowen (1897–1973)

    If you look at the 150 years of modern China’s history since the Opium Wars, then you can’t avoid the conclusion that the last 15 years are the best 15 years in China’s modern history.
    J. Stapleton Roy (b. 1935)

    These anyway might think it was important
    That human history should not be shortened.
    Robert Frost (1874–1963)