WSJ: ‘Stack Overflow Sold to Tech Giant Prosus for $1.8 Billion’

Ben Dummett, reporting for the WSJ:

Prosus said it struck a $1.8 billion deal to acquire Stack Overflow, an online community for software developers, in a bet on growing demand for online tech learning. […]

Prosus, one of Europe’s most valuable tech companies, is best known as the largest shareholder in Chinese internet and videogaming giant Tencent Holdings Ltd. Listed in Amsterdam, Prosus signaled its appetite for deal making when it sold a small portion of its equity stake in Tencent in April for $14.6 billion. The Stack Overflow deal ranks among Prosus’s biggest acquisitions.

Acquisition prices have skyrocketed since 2012, but still, that’s almost two Instagrams.

★ Friday, 4 June 2021