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Naspers, Prosus to sell Tencent shares to fund buybacks

Tencent to explore hardware opportunities with extended reality unit
Tencent to explore hardware opportunities with extended reality unit Copyright Thomson Reuters 2022
Copyright Thomson Reuters 2022
By Reuters
Published on Updated
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- 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.

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