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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 techcentral.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcentral.co.za Daily Mail and Mail on Sunday newspapers.
Prosus snaps up Stack Overflow in $1 8bn edtech deal cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.