Stack Overflow acquired for $1.8bn by Prosus (no, me neither)
Prosus NV, a Netherlands-based consumer internet conglomerate, on Wednesday said it plans to acquire online Q&A community Stack Overflow for $1.8bn.
The deal, scheduled to close by the third quarter of 2021, regulatory approval permitting, is being cast not as a consumer-focused acquisition but as a way for Prosus to expand its enterprise engagements. It’s owned by Naspers Limited, Africa’s largest company which made its money with a far-sighted investment in Tencent back in 2001.
Prosus has invested…
