Prosus to acquire Stack Overflow for $1.8bn
A platform used by software developers.
Source: moneyweb.co.za
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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 in...
Source: siliconangle.com
Prosus Buying Stack Overflow for $1.8 Billion
Prosus has announced it is buying Stack Overflow for $1.8 billion, as it increases its focus on the online learning market.
Source: webpronews.com