Davis Polk advised the joint bookrunners and representatives of several initial purchasers in connection with a Rule 144A/Regulation S offering of notes by Myriad International Holdings B.V., a wholly owned subsidiary of Naspers Limited. The offering consisted of $1.2 billion principal amount of 5.500% notes due 2025. The notes are guaranteed by Naspers Limited. 

Based in Cape Town, South Africa, Naspers is listed on the JSE and LSE and is a leading group of international media and internet platforms. Operations include being the leading multinational video-entertainment provider in Africa and a leading global and e-commerce group in multiple markets. Operations include video-entertainment, internet services, e-commerce (such as online classifieds, e-tail, marketplaces, online services and payments) and print media. Significant operations are located in Africa, China, Russia, Central and Eastern Europe, Latin America, India, Southeast Asia and the Middle East.    

The Davis Polk corporate team included partner Paul E. Kumleben and associate Samuel Burley. The U.S. tax team included partner John D. Paton and associate Nicholas A. Machen. The U.K. tax team included partner Jonathan Cooklin and associate Dominic Foulkes. All members of the Davis Polk team are based in the London office.   

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