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Naspers Considers Sale of Africa Pay-TV Business

  • A sale of MultiChoice won’t include South Africa division
  • Africa’s biggest company focusing on e-commerce investments

Naspers Ltd. is considering the sale of its pay-TV business in Africa as sluggish economic expansion in key markets stifles growth and viewers switch to cheaper online alternatives, according to two people familiar with the matter.

A disposal of MultiChoice won’t include the South African division, which is still highly profitable, said the people, who asked not to be identified as the plans haven’t been made public. A sale is one of a number of options being considered by Africa’s biggest company by market value, and a final decision hasn’t been reached, one of the people said.