Stack Overflow bought out by Prosus for a handsome $1.8 bill

Stack Overflow bought out by Prosus for a handsome $1.8 billion


Has the EdTech bubble burst? Prosus begs to differ
on June 3, 2021, 9:39
In a nutshell: Prosus is all-in when it comes to investing in EdTech; the tech investment firm has announced that it has successfully acquired Stack Overflow, a popular question-and-answer portfolio of sites dedicated to helping developers and building communities around niche topics. This is the first in what appears to be a series of moves focused on the future of learning independently online.
Prosus has announced that it has acquired Stack Overflow for $1.8 billion. The deal marks Prosus’ first official foray into the world of EdTech. A wise move, considering the projected uptick in demand for education technology is expected to rise by nearly 20 percent over the next seven years.

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