A great article in the latest Economist around the new emerging giants in the online world. The article looks at three companies; South Arican Naspers, Tencent and DST and Naspers owns stakes in the latter two having just announced today that they are increasing their stake in DST.
A possible merger between NPN , TENCENT and DST in the future bassed that the 3 companies own part of each? Something interesting that I picked up on is that DST would go public soon and list. We all know what happened when Tencent listed. Just imagine would would happen to NPN share price when DST lists with its 28% stake in DST?