Naspers to exit pay-TV arena with MultiChoice listing

South African conglomerate Naspers is to spin-off pay-TV giant MultiChoice – along with its DStv, SuperSport and Showmax assets – in a Johannesburg Stock Exchange listing next year.

The new company, called MultiChoice Group, will include MultiChoice South Africa Holdings, MultiChoice Africa Holdings, MultiChoice Botswana, MultiChoice Namibia, NMS Insurance Services SA, the African division of Showmax, Irdeto Holdings and Irdeto South Africa.

Source: Naspers to exit pay-TV arena with MultiChoice listing

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