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Indeed. I suppose that there is a blackmail risk: their stake could be made worthless unless Naspers has Prosus have the Stack Exchange people ban Tor, but I ra
by eynsham 5y ago
Indeed. I suppose that there is a blackmail risk: their stake could be made worthless unless Naspers has Prosus have the Stack Exchange people ban Tor, but I rather doubt this happened.
- missedthecue 5y agoHow could Tencent selectively make the shares that Naspers owns worthless?
- gbasin 5y agoSomething tells me a shareholder suit by a foreign company in Chinese court, in connection with not blocking internet traffic, would not go down well for Naspers :D
- maerF0x0 5y agoOne could consider what's now happening with Alibaba ADRs and the fear of delisting. The price on a certain exchange crumbles. However, I do wonder if at the scale of a big company owning big chunks it'd just be a minor cost of doing business to reregister for the HK exchange?
- stickfigure 5y agoThe proper word would be extortion - the Chinese government could in theory make demands of Naspers by threatening to hobble Tencent. It's pretty far-fetched, especially since Naspers owns a minority (28.9%) stake in Tencent.
- deleted 5y ago[deleted]
- HWR_14 5y agoI mean, Tencent could just be forced by new Chinese law to buy back Naspers stock for $0.001/share. What's Naspers going to do, sue in a Chinese court? Go to war?