logo
Intelligence
Tracking
Tools
logo
Intelligence
Tracking
Tools

Prosus acquires Stack Overflow for $1.8 billion

Apr 23, 2024•over 1 year ago

Acquiring Company

Prosus Europe

Acquired Company

Stack Overflow

AmsterdamNew Yorkinformation technology & servicesFinancial ServicesSoftware

Description

Prosus, the international assets holding arm of South Africa's Naspers, has acquired the legendary Q&A website, Stack Overflow, for a significant $1.8 billion. This acquisition marks a strategic move by Prosus to further expand its investment portfolio and presence in the technology and developer community.

Company Information

Company

Prosus Europe

Location

5 Gustav Mahlerplein

Amsterdam, North Holland, Netherlands

About

Prosus Europe is a global consumer internet group and one of the largest technology investors in the world. It operates various platforms across multiple sectors, including online classifieds, food delivery, and payments. The company focuses on leveraging technology to improve user experiences. Prosus is a subsidiary of Naspers, one of the largest e-commerce and media companies.

Related People

Sign in to view contact details

Sign in to view contact details

Sign in to view contact details

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed