Global firm eyes $2bn bid for ANA

Published 25 July 2017, by Business Report
ANA, Africa’s first advanced multimedia and news syndicated service and social media platform, has received a $2bn (R25bn) bid from a technology fund, according to market sources.ANA has representation in more than 40 African countries, London, New York, Mumbai, Shanghai and Moscow; with a global audience of more than 1.3 billion consumers.

“A technology fund has put in an offer for ANA’s business, which exceeds a call option of $2bn; ANA has 60 days to exercise the option”, the source told BR late yesterday.

Market sources indicated that SoftBank Group, a Japanese fund that recently raised $100bn, has its eyes set on ANA. SoftBank is a Japanese multinational telecoms and internet firm and has operations in broadband, fixed-line telecommunications, e-commerce, Internet, technology services, finance, media and marketing.

The other possible buyer was “Facebook, a US-based social media company”, an industry source told BR.

ANA chief executive, Grant Fredericks, didn’t’ confirm or deny the speculation, but told BR that “the market can expect an announcement later this year. I cannot deny that we are in an advance stage with more than one global group interested in buying ANA.”

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