Naspers 1H17 Result Shows Encouraging Underlying Trends

Naspers' Operational Improvements Continue

Market Is Ignoring Naspers' Investment Track Record. Discount to Underlying Value Is Unjustified

Naspers Sale of the Allegro ECommerce Business Crystallizes Value.

Naspers: Latest Results Show Good Revenue Traction but It Comes with a Cost.

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Equity Bottom-Up

<p>A few days ago we wrote about <a href="https://www.smartkarma.com/entities/21085" target="_blank" data-smartkarma-citation="entities:21085:1">Naspers Ltd (NPN SJ)</a>  crystallizing value with the sale of its Polish eCommerce business for $3.25bn. The ink was barely dry before another deal was announced: this time from listed Indian online travel company <a href="https://www.smartkarma.com/entities/23580" target="_blank" data-smartkarma-citation="entities:23580:1">Makemytrip (MMYT US)</a> which will acquire Nasper's ibibo Group to create the largest online travel company in India. The two had been competing fiercely for market share so this deal should result is less competition and a quicker path to profitability. Naspers…</p>

A few days ago we wrote about Naspers Ltd (NPN SJ)  crystallizing value with the sale of its Polish eCommerce business for $3.25bn. The ink was barely dry before another deal was announced: this time from listed Indian online travel company Makemytrip (MMYT US) which will acquire Nasper's ibibo Group to create the largest online travel company in India. The two had been competing fiercely for market share so this deal should result is less competition and a quicker path to profitability. Naspers…

Naspers: Creating Value in Online Travel in India with MakeMyTrip Deal.