Mvela, Johncom deal goes through
NEWSWATCH: Tokyo Sexwale's Mvelaphanda Group (Mvela) said yesterday, Tuesday, 30 October 2007, that it had finalised a deal to buy a direct stake of up to 30% in Johncom's media assets from majority shareholder Allan Gray, according to Business Day. The assets will be listed shortly as Opco, or Avusa, if shareholders vote today in favour of the replacement name.
31 Oct 2007
For more:
- Business Day: Mvela to buy up to 30% stake in Johncom media
- Business Day: Mvela CEO promises editorial independence
- IOL: Sexwale's company buys stake in media giant
- Mail & Guardian Online: Mvela to buy up to 30% of Johncom media
- The Times: Mvela to acquire Johncom stake
- Business Day: Has Mvela already taken control at Johncom?
