Naspers (NPSNY.PK), the South African media giant, together with Tencent (TCEHY.PK), its partner...

|About: Naspers Ltd. ADR (NPSNY)|By:, SA News Editor

Naspers (NPSNY.PK), the South African media giant, together with Tencent (TCEHY.PK), its partner in JV Ibibo, is acquiring Redbus.in, the online ticketing company that Techcrunch calls "a dominant and disruptive force" in how people travel in India. At a reported price of about $120M, it would be the biggest overseas strategic acquisition of an Indian internet asset.