share sale

    • Prosus grabs $14.7bn for 2% of Tencent in world's largest block deal

      Prosus grabs $14.7bn for 2% of Tencent in world's largest block deal

      The Dutch technology company Prosus announced it had agreed terms to sell a package of its shares in Chinese gaming and social media giant Tencent in what proves to be the world’s largest block deal, Reuters reported. The value of the transaction involving a 2% stake is estimated at some 14.7 billion dollars. Tencent, in a Hong Kong Stock Exchange filing, confirmed Prosus sold 191.89 million shares for $14.67 billion, reducing its stake to 28.9%.

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