Naspers Plans Prosus Share Swap in New Effort to Boost Value
- Company will also launch $5 billion share buy-back after swap
- Latest effort to achieve valuation greater than sum of parts
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Prosus NV is redoubling its effort to narrow the valuation gap between itself and a more than $200 billion-dollar stake in Tencent Holdings Ltd, unveiling a complex share swap and a further stock buyback.