Media group Naspers is to make a public tender offer to acquire up to 100% of Gadu Gadu, a Warsaw-listed Polish internet company for a total investment of about $155-million, it said on Thursday.
Naspers will extend an offer to acquire 100% of the shares of Gadu Gadu SA at a tender price of 23,50 z³oty per share with the current majority shareholder having made an irrevocable commitment to tender its 55% shareholding.
Gadu Gadu was established in 2000, and has over six million users with a 43% share of the Polish instant messenger market.
By 10.13am, Naspers share price was trading at R187,51, down 49 cents from Wednesday’s close. – I-Net Bridge