Prosus NV

Prosus NV engages in the provision of different technology platforms. It operates through the following segments: Ecommerce, Social and Internet Platforms, and Corporate. The Ecommerce segment operates internet platforms to provide various services and products, and includes classifieds, payments and fintech, food delivery, etail, travel, and other ecommerce. The Social and Internet Platforms segment holds listed investments in social and internet platforms through Tencent and Mail.ru. The Corporate segment comprises entities which provide various corporate functions and activities. The company was founded on April 3, 1997 and is headquartered in Amsterdam, the Netherlands.

AMSTERDAM--( BUSINESS WIRE )--Prosus N.V. (AEX: PRX) has announced a solid set of results for the first half of the year.

Prosus Delivers Strong Ecommerce Revenue Growth and Operating Performance

Prosus N.V.: Press Related to TENCENT

Naspers Ltd

Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as "untrue" a report that they are in talks to sell their large stake in Chinese software and gaming giant Tencent.

Prosus and Naspers deny report they are in talks to sell Tencent stake

European shares rose on Monday, driven by hopes that the Federal Reserve could slow its pace of interest rate hikes, while investors braced for a busy week of earnings and a key interest rate decision from the European Central Bank.

European stocks jump on Fed slowdown hopes, Prosus slides on China woes

Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to the public statements made by Naspers Limited and Prosus (together with their subsidiaries and affiliates, the Group) on 24 March 2022 and 20 May 2022, and in the Prosus results announcement for the year ended 31 March 2022 published on 27 June 2022, in relation to the Group's intention to exit its investment in its Russian classifieds businesses and operations (the Avito Group), and wherein shareholders were informed that the Group had begun searching for an appropriate purchaser (the Statements on Avito).

Prosus N.V.: Disposal of Avito Group

Prosus , the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito for 151 billion roubles ($2.46 billion), to Kismet Capital Group.

Prosus to sell Russian classifieds business Avito to Kismet for $2.4B

Prosus has scrapped the $4.7 billion acquisition of BillDesk it announced last year, once stated to be the European technology giant's largest, saying “certain conditions” were unfulfilled in a surprising move a month after the proposed acquisition received from the local antitrust watchdog the approval to proceed.

Prosus cancels $4.7 billion acquisition of India's BillDesk

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion. Closing of the transaction was subject to the fulfilment of various conditions precedent, including approval by the Competition Commission of India (CCI). PayU secured CCI approva

Prosus N.V.: Termination of Agreement to Acquire BillDesk

Technology investor Prosus NV has "terminated" a $4.7 billion deal to buy payments platform BillDesk, it said on Monday, adding that conditions had not been met.

Prosus terminates $4.7 bln deal to buy BillDesk

Just Eat Takeaway.com NV

Just Eat Takeaway.com NV said Friday that it has agreed to sell its around 33% stake in the iFood joint venture to Prosus NV for up to 1.8 billion euros ($1.82 billion) as it looks to focus on improving profitability and on a disciplined capital allocation.

Just Eat Takeaway.com to sell stake in venture to Prosus for up to $1.8 billion as it keeps Grubhub for sale

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has agreed to sell its 33% holding in the Latin American joint venture iFood to Prosus NV for up to €1.8bn in cash.  The deal will give Prosus full control of iFood.

Just Eat to sell iFood stake to Prosus for up to €1.8bn

Prosus stock soared after announcing an open-ended buyback program to close the discount to NAV. The discount gap already narrowed from 61% to a 44% discount to NAV.

Prosus: Finally Unlocking Shareholder Value

Tencent Holdings Limited

Shares of TCEHY stock are down today on news that technology investor Prosus is trimming its stake in Tencent. The post Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake appeared first on InvestorPlace.

Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake

JD.com

Shares of holding company Prosus PRX, +14.74% surged 15% in Amsterdam trade after announcing a stock buyback program funded by the sale of Tencent 700, -1.56% shares and saying it sold its entire JD.com JD, +3.41% stake for $3.7 billion. Prosus and parent Naspers say that if the stock buyback plan had been in existence over the past three months, the resulting Tencent shares would averaged between 3% and 5% of average daily traded volumes.

Prosus shares rally on stock buyback plan, JD.com sale

Dutch technology investor Prosus NV on Monday announced it will gradually sell down its massive stake in Tencent, reversing a pledge to retain the holding for a couple of years and knocking shares in the Chinese tech giant.

Tencent stock falls as Prosus/Naspers to sell shares to fund buybacks

Shares of Tencent Holdings Ltd gave up morning gains to fall as much as 2.5% to HK$374.60 in the early afternoon, after Prosus and Napsers said they would gradually sell shares.

Tencent falls 2.5% as Prosus, Napsers say to gradually sell shares

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (AEX: PRX) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022. Building on the prior year's standout performance, the Group's ecommerce portfolio delivered revenue growth of 51%1 to US$9.8bn. This growth resulted from strong operational execution and momentum in all ecommerce segments despite the turbulent environment. While the segments demonstrated core profitability, overall trading profit was lower

Prosus delivers strong revenue growth with profitable core operations; announces open-ended share repurchase programme

Coinbase

Coinbase has hired Arnab Kumar, former executive at Prosus Ventures, in the latest push to relaunch its eponymous cryptocurrency exchange in India. Kumar, who has previously also worked at influential think tank Niti Aayog and Deutsche Bank, is joining the exchange as director of India market expansion, a spokesperson said in an email.

Coinbase taps former Niti Aayog and Prosus exec for India expansion

Prosus has continued to underperform Tencent's stock, its largest holding. The discount to NAV has continued to increase at a magnificent pace.

Prosus: Huge Discount Implies No Buybacks

adidas AG

David Herro (Trades, Portfolio), manager of Harris Associates' Oakmark International Fund, disclosed his portfolio for the first quarter of 2022 earlier this week.

David Herro Buys Adidas and Siemens, Adds to Prosus Stake

Prosus, the Dutch-based technology investor, said on Friday it would seek a buyer for its Russian online marketplace Avito.

Prosus to sell Russian online marketplace Avito, formerly worth $6 billion

Prosus is a smart way to buy Tencent. This holding company is severely undervalued compared to NAV, although there might be some reasons to justify it.

Prosus: Deep Discount On NAV Cannot Be Ignored

European shares rose on Friday as strong earnings reports and a rally in mining and technology stocks boosted risk appetite at the end of a volatile month dominated by concerns about slowing global growth.

Earnings, Prosus lift European stocks at end of choppy April

Amsterdam-based Prosus NV, the owner of Russian online marketplace Avito, said on Tuesday it has taken steps to remove "a small number" of advertisements for jobs in the Russian military that had made it onto Avito's listings.

Prosus removes military job adverts on Russian online marketplace

Prosus is a holding that is investing in high-growth markets like online food delivery, fintech, and classifieds. If the company is successful in bringing groceries to clients, the target market will most likely significantly increase.

News for Prosus NV Stock (PROSY)