Misplaced Pages

Prosus: Difference between revisions

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
Browse history interactively← Previous editNext edit →Content deleted Content addedVisualWikitext
Revision as of 14:44, 12 November 2021 edit87.209.124.151 (talk) AllesTags: Reverted Visual edit Mobile edit Mobile web edit← Previous edit Revision as of 17:57, 12 November 2021 edit undoAdhiOK (talk | contribs)Extended confirmed users14,301 edits Undid revision 1054870253 by 87.209.124.151 (talk) Reducdant....Tags: Undo Mobile edit Mobile web edit Advanced mobile editNext edit →
Line 37: Line 37:
}} }}


'''Prosus N.V.''', or '''Prosus''', is a Dutch multinational conglomerate company.<ref name="WSJ">{{Cite web |last=Wexler |first=Alexandra |date=September 11, 2019 |title=Introducing Prosus: A Rare European Mega-Tech Stock |url=https://www.wsj.com/articles/introducing-prosus-a-rare-european-mega-tech-company-stock-11568200484 |via=www.wsj.com}}</ref> The global investment group is the largest consumer Internet company in Europe, and among the largest technology investors in the world. '''Prosus N.V.''', or '''Prosus''', is a Dutch multinational conglomerate company that is the international Internet assets division of South African multinational ].<ref name="WSJ">{{Cite web |last=Wexler |first=Alexandra |date=September 11, 2019 |title=Introducing Prosus: A Rare European Mega-Tech Stock |url=https://www.wsj.com/articles/introducing-prosus-a-rare-european-mega-tech-company-stock-11568200484 |via=www.wsj.com}}</ref> The global investment group is the largest consumer Internet company in Europe, and among the largest technology investors in the world.


Prosus holds a portfolio of international Internet firms, including ], and food delivery systems.<ref>{{Cite web |last=Schulze |first=Elizabeth |date=September 11, 2019 |title=A $100 billion tech company you've never heard of just listed in Europe |url=https://www.cnbc.com/2019/09/11/naspers-prosus-lists-in-amsterdam-at-100-billion-valuation.html |website=CNBC}}</ref> Products and service of its businesses and investments are used by more than 1.5 billion people in 89 markets.<ref name=auto/> Prosus holds a portfolio of international Internet firms, including ], and food delivery systems.<ref>{{Cite web |last=Schulze |first=Elizabeth |date=September 11, 2019 |title=A $100 billion tech company you've never heard of just listed in Europe |url=https://www.cnbc.com/2019/09/11/naspers-prosus-lists-in-amsterdam-at-100-billion-valuation.html |website=CNBC}}</ref> Products and service of its businesses and investments are used by more than 1.5 billion people in 89 markets.<ref name=auto/>

Revision as of 17:57, 12 November 2021

Internet Investment division of Naspers
Prosus N.V.
Company typeNaamloze Vennootschap
Traded asEuronext: PRX
JSE: PRX
A2X: PRX
AEX component
ISINNL0013654783
IndustryInvestments
HeadquartersAmsterdam, Netherlands
Area servedWorldwide
Key peopleKoos Bekker
(chairman)
Bob van Dijk
(CEO)
Basil Sgourdos
(CFO)
Revenue5,467,000,000 United States dollar (2024) Edit this on Wikidata
Operating income923,000,000 United States dollar (2024) Edit this on Wikidata
Net income1,300,000,000 United States dollar (2024) Edit this on Wikidata
Total assets152,427,000,000 United States dollar (2024) Edit this on Wikidata
Number of employees15,677
ParentNaspers Limited
Websiteprosus.com

Prosus N.V., or Prosus, is a Dutch multinational conglomerate company that is the international Internet assets division of South African multinational Naspers. The global investment group is the largest consumer Internet company in Europe, and among the largest technology investors in the world.

Prosus holds a portfolio of international Internet firms, including fintech, and food delivery systems. Products and service of its businesses and investments are used by more than 1.5 billion people in 89 markets.

On 11 September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. Subsequent to its IPOTooltip Initial public offering, Prosus is still majority owned by Naspers and is the largest consumer Internet company in Europe by asset value. Shares in the company were reported to have "soared on debut," although the company was trading at a significant discount to the value of its portfolio.

Business

Prosus' head office is located in the Symphony Building in the Zuidas business district in Amsterdam.

The group's expansion into Internet platforms began in the 1990s, spanning online consumer services, including:

  • E-commerce - including its subsidiary, OLX (100%)
  • Fintech - including its subsidiary, PayU (98.8%)
  • Food delivery - including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%)
  • Retail - including its subsidiary, eMag (80.1%)
  • Travel - including its associate, Ctrip (6%)
  • Mobility - Bykea
  • EdTech - Codecademy, Stack Overflow, Brainly, Udemy

It is also the largest shareholder of social Internet platforms:

Prosus is best known for its investments in Tencent, dating back to a 45% share in 2001. In 2019 the company attempted to acquire Just Eat, but lost the bidding war to Takeaway.com.

Acquisitions

No Acquisition Date Company Price (USD) Ref
1 June 3, 2021 Stack Overflow $1.8 billion
2 June 15, 2021 GoodHabitz $257 million

References

  1. Inc, Midwest Communications. "Tech investor Prosus reports full-year profit up 6.7%". WKZO. Retrieved 2020-06-29. {{cite web}}: |last= has generic name (help)
  2. "Prosus has R120bn war chest to keep on growing". BusinessLIVE. Retrieved 2020-06-29.
  3. ^ "Prosus, Prospectus, 26 August 2019" (PDF).
  4. ^ Wexler, Alexandra (September 11, 2019). "Introducing Prosus: A Rare European Mega-Tech Stock" – via www.wsj.com.
  5. Schulze, Elizabeth (September 11, 2019). "A $100 billion tech company you've never heard of just listed in Europe". CNBC.
  6. "Prosus - About". www.prosus.com. Retrieved 2021-07-13.
  7. "Naspers Announces Revised Timetable for the Listing of Prosus on Euronext Amsterdam and JSE".
  8. "Prosus debut creates €120bn European tech giant". www.ft.com.
  9. "Naspers, Prosus launch share swap deal to shrink S.Africa discount". Reuters. 2021-05-12. Retrieved 2021-07-13.
  10. Singh, Manish (30 September 2020). "Prosus Ventures leads $13 million investment in Pakistan's ride-hailing giant Bykea". techcrunch.com. Retrieved 30 September 2020.
  11. Dummett, Ben (2 June 2021). "Stack Overflow Sold to Tech Giant Prosus for $1.8 Billion". Wall Street Journal. Retrieved 2 June 2021.
  12. Laura He. "Tencent's main shareholder Prosus nets $15 billion from record stock sale". CNN. Retrieved 2021-04-09.
  13. "Investor relations – Mail.ru Group". corp.mail.ru.
  14. Jolanda van de Beld. "Gouden aankoop brengt Prosus in de problemen". NRC (in Dutch). Retrieved 2021-07-13.
  15. "Takeaway overtreft bod Prosus voor Just Eat". NRC (in Dutch). Retrieved 2021-07-13.
  16. Ch, Prashanth; CEO, rasekar (2021-06-02). "Prosus's Acquisition of Stack Overflow: Our Exciting Next Chapter". Stack Overflow Blog. Retrieved 2021-06-24.
  17. Salter, Jim (2021-06-03). "Stack Overflow sold to tech investor Prosus for $1.8 billion". Ars Technica. Retrieved 2021-06-24.
  18. "Prosus to acquire majority stake in GoodHabitz". Prosus to acquire majority stake in GoodHabitz. Retrieved 2021-06-24.
  19. "Prosus acquires GoodHabitz for $257M - AIM Group". aimgroup.com. Retrieved 2021-06-24.{{cite web}}: CS1 maint: url-status (link)
Categories: