Deals
Africa’s Biggest Company Sees Education as New Growth Market
- Naspers to build on 2016 expansion in U.S. software companies
- Will consider asset sales as it reviews portfolio, CEO says
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Naspers Ltd. plans to expand in education software as Africa’s biggest company by market value searches for a repeat of the profitable bet it made on Tencent Holdings Ltd. of China.
The owner of Africa’s biggest pay-TV service is seeking to build on investments in U.S. education-technology companies Udemy and Brainly that it made earlier this year, adding a new limb to a growth strategy that has taken the Cape Town-based company into Indian online retail and Russian social networks.