Salem Radio Network News Wednesday, August 10, 2022

Science

Naspers, Prosus to sell Tencent shares to fund buybacks

(Reuters) – Chinese software giant Tencent Holdings said on Monday it noted an announcement from two of its shareholders, South Africa’s Naspers Ltd and Prosus, that they would start a long-term, open-ended share repurchase programme.

The programme would be funded by on-market sales of Tencent’s shares held by the two companies, Tencent said.

(Reporting by Savyata Mishra in Bengaluru; Editing by Rashmi Aich)

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