Closing of Ibibo/MakeMyTrip Transaction

31-Jan-2017 Intellasia | BusinessWire | 7:00 PM Print This Post

CAPE TOWN, South Africa–(BUSINESS WIRE)–South Africa-based global internet and entertainment group, Naspers
Limited (JSE: NPN.SJ and LSE: NPSN)
announced a transaction on 18
October 2016 to combine its Indian travel business, Ibibo Group (ibibo),
with Nasdaq-listed MakeMyTrip Limited (NASDAQ:MMYT), to create one of
the largest travel groups in India.

Shareholders are advised that all pre-conditions have been met and that
the transaction closed effective 31 January 2017.

–Ends–

About Naspers:

Founded in 1915, Naspers is a global internet and entertainment group
and one of the largest technology investors in the world. Operating in
more than 130 countries and markets with long-term growth potential,
Naspers builds leading companies that empower people and enrich
communities. It runs some of the world’s leading platforms in internet,
video entertainment, and media.

Naspers companies connect people to each other and the wider world, help
people improve their daily lives, and entertain audiences with the best
of local and global content. Every day, millions of people use the
products and services of companies that Naspers has invested in,
acquired or built, including Avito, Brainly, Codecademy, eMAG, Flipkart,
ibibo, letgo, Media24, Movile, MultiChoice, OLX, PayU, ShowMax,
SimilarWeb, Twiggle, and Udemy. Similarly, hundreds of millions of
people have made the platforms of its associates Tencent (www.tencent.com;
SEHK 00700) and Mail.ru (www.corp.mail.ru;
LSE: MAIL) a part of their daily lives.

Naspers is listed on the Johannesburg Stock Exchange (NPN.SJ) and has an
ADR listing on the London Stock Exchange (LSE: NPSN).

For more information, please visit www.naspers.com.

Contacts

Naspers
Meloy Horn, +27 11 289 3320
Head of Investor
Relations
[email protected]

 


Category: BusinessWire, PRAsia

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