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Prosus to acquire Stack Overflow for $1 8bn

Stack Overflow to be acquired by tech investment group Prosus for $1 8B

SHARE Tech investment firm Prosus NV today said that it will pay $1.8 billion to acquire Stack Overflow, a hugely popular website for developers that boasts more than 100 million users. Stack Overflow is operated by Stack Exchange Inc., a venture-backed startup that has raised more than $150 million from investors including Andreessen Horowitz and Index Ventures. The deal will also see Prosus obtain Stack Overflow for Teams, a cloud-based collaboration service that the startup operates alongside its website. Prosus is a publicly traded unit of South African internet giant Naspers Ltd. that invests in tech firms. It has a more than $200 billion stake in Chinese technology giant Tencent Holdings Ltd. and partially or fully owns companies across a wide variety of segments ranging from food delivery to payment processing. Prosus says the companies in its portfolios have more than 1.5 billion users across dozens of countries worldwide.

Prosus to acquire Stack Overflow for $1 8-billion

Prosus to acquire Stack Overflow for $1 8-billion
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