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Prosus

From Wikipedia, the free encyclopedia
Internet Investment division of Naspers
Prosus N.V.
FormerlyMyriad International Holdings
Company typePublic
Euronext AmsterdamPRX
JSE:PRX
A2X: PRX
AEX component
ISINNL0013654783
IndustryInvestments
Founded3 April 1997; 28 years ago (1997-04-03)
FounderNaspers
Headquarters,
Netherlands
Area served
Worldwide
Key people
Koos Bekker
(Chairman)
Fabricio Bloisi (CEO)[1]
Basil Sgourdos
(CFO)
RevenueIncrease$6.17 billion(2025)[2]
Increase $173 million(2025)[2]
Increase $12.36 billion(2025)[2]
Total assetsIncrease $72.58 billion(2025)[2]
Total equityIncrease $51.12 billion(2025)[2]
Number of employees
20,882(2024)[3]
ParentNaspers
Websiteprosus.com

Prosus N.V. is aDutchinvestment group that invests and operates across sectors and markets with long-term growth potential. It is among the largest technology investors in the world.[4]

Prosus has invested across multiple areas of the technology sector, including social networking, gaming, classifieds, payments,financial technology,educational technology, food delivery,real estate listings, and ecommerce.[5] Products and services of its businesses and investments are used by more than 1.5 billion people in 89 markets.

Prosus majority shareholder isSouth African multinationalmass media companyNaspers.[6][7] In September 2019, Prosus's ordinary shares were listed onEuronext Amsterdam and, as a secondary inward-listing, on theJohannesburg Stock Exchange.[8] Subsequent to itsIPOTooltip Initial public offering, Prosus became the largest consumer Internet company in Europe by asset value.[9] Shares in the company were reported to have "soared on debut,"[10][6] although the company was trading at a significant discount to the value of its portfolio.[11]

Business

[edit]
Prosus' head office is located in the Symphony Building in theZuidas business district in Amsterdam.

The group's expansion into internet platforms began in the 1990s, spanning various tech investments.[12] Selected holdings (percentages shown only where disclosed in current filings) include:

  • Social –Tencent (22.996% as of 17 Jul 2025).[13]
  • Classifieds –OLX (subsidiary), including brands such asProperty24; Prosus/OLX also holds a stake in EMPG (merger of OLX MENA assets with EMPG/dubizzle in 2020).[14][15][16]
  • Fintech – Majority-ownedPayU (retained India/Turkey/SEA andRed Dot Payment; sold the Global Payments Organisation in LatAm & Africa to Rapyd in Mar. 2025), and a minority stake inRemitly (about 12.3% as of Aug. 2025).[17][18][19]
  • Food delivery –iFood (100%),Delivery Hero (stake; Prosus committed in Aug. 2025 to reduce this holding as part of EU conditions for the JET deal),Swiggy (stake); plus venture investments such asFlink, Foodics, Oda, Sharebite and Facily.[20][21][22][23][24][25]
  • EdTech –Stack Overflow (wholly owned), GoodHabitz (majority), plus minority stakes in platforms such asBrainly,Udemy, GoStudent, Eruditus,BYJU'S,Platzi, eduMe and SoloLear.[26][27]
  • Ecommerce – eMAG (approx. 80.1%),Meesho, Mensa Brands,PharmEasy, Ula, ElasticRun, merXu, The Good Glamm Group.[28][29]
  • Travel –Despegar (100%; acquired and delisted on 15 May 2025).[30]

Prosus is best known for its early investment inTencent, dating back to 2001.[31]

In March 2022, Prosus announced it was writing off its 25.9% stake (worth approximately US$700m) in social media companyVK after VK's CEOVladimir Kirienko was put on a U.S. sanctions list.[32][33]

In December 2024, Prosus agreed to acquireDespegar, a Latin American travel agency, for US$1.7 billion; the transaction closed on 15 May 2025.[34][35]

On 24 February 2025 the company announced it reached an agreement to acquireJust Eat Takeaway.com for €4.1 billion in cash.[36] In 2019, the company had attempted to acquire the then-independentJust Eat, but lost the bidding war toTakeaway.com.[37] EU approval in August 2025 required Prosus to reduce itsDelivery Hero exposure.[38]

Former assets

[edit]
  • Trip.com Group – fully exited via block trades in Sept.–Oct. 2024.[39]
  • Wolt – previous ~2% stake exchanged for DoorDash shares when DoorDash acquired Wolt on 31 May 2022.[40]
  • BUX – exited; acquired by ABN AMRO in July 2024.[41]

Controversy

[edit]

Following theRussian invasion of Ukraine in February 2022, many international companies, particularly Western, pulled out of Russia. Unlike most of its Western competitors, Prosus was slow to announce anydisinvestments or scaling back of its operations in Russia. It was criticised in particular with regard to itsAvito platform (a subsidiary ofOLX), which, among other activities, providedclassified advertising services that were used by the Russian army for recruiting purposes.[42][43] In October 2022, Prosus agreed to sell Avito service to Kismet Capital Group for $2.4 bln.[44]

Acquisitions

[edit]
NoAcquisition DateCompanyPrice (USD)Ref
1June 3, 2021Stack Overflow$1.8 billion[45][46]
2June 15, 2021GoodHabitz$257 million[47][48]
3August 19, 2022iFood$1.9 billion[49][50]

References

[edit]
  1. ^"CEO Steps Down".Reuters. 18 September 2023.
  2. ^abcde"2025 Summary from the Annual Report"(PDF). Prosus. 2025. Retrieved3 October 2025.
  3. ^"2024 Annual Report"(PDF). Prosus. 2024. Retrieved3 October 2025.
  4. ^"Update on repurchase program".prosus.com.
  5. ^Schulze, Elizabeth (September 11, 2019)."A $100 billion tech company you've never heard of just listed in Europe".CNBC.
  6. ^abWexler, Alexandra (September 11, 2019)."Introducing Prosus: A Rare European Mega-Tech Stock" – via www.wsj.com.
  7. ^Kharpal, Arjun (2025-06-23)."Tech investor Prosus bets on India to produce a $100 billion company".CNBC. Retrieved2025-07-14.
  8. ^"Prosus - About".www.prosus.com. Retrieved2021-07-13.
  9. ^"Naspers Announces Revised Timetable for the Listing of Prosus on Euronext Amsterdam and JSE". Jul 19, 2019. RetrievedOct 24, 2022.
  10. ^"Prosus debut creates €120bn European tech giant".Financial Times. 11 September 2019.
  11. ^"Naspers, Prosus launch share swap deal to shrink S.Africa discount".Reuters. 2021-05-12. Retrieved2021-07-13.
  12. ^"Our portfolio".Prosus. Retrieved2025-10-30.
  13. ^"Regulatory update".Prosus. 17 July 2025. Retrieved2025-10-30.
  14. ^"OLX Group reports strong FY 2025 results".Prosus. 23 June 2025. Retrieved2025-10-30.
  15. ^"EMPG and OLX Group announce merger of MENA and South Asia businesses".OLX Group. 28 April 2020. Retrieved2025-10-30.
  16. ^"About Property24".Property24. Retrieved2025-10-30.
  17. ^"Annual results commentary (FY24)".Prosus. Retrieved2025-10-30.
  18. ^"Rapyd completes acquisition of PayU GPO".Crowdfund Insider. 16 March 2025. Retrieved2025-10-30.
  19. ^"Remitly Schedule 13G/A".SEC. 11 August 2025. Retrieved2025-10-30.
  20. ^"Prosus to acquire remaining stake in iFood from Just Eat".Prosus. 19 August 2022. Retrieved2025-10-30.
  21. ^"EU clears Prosus–Just Eat Takeaway with conditions including Delivery Hero sell-down".Reuters. 11 August 2025. Retrieved2025-10-30.
  22. ^"After FY21, Prosus invested US$120m in Oda (Kolonial) and US$84m in Flink"(PDF).Prosus. 21 June 2021. Retrieved2025-10-30.
  23. ^"Foodics snags $170m Series C led by Prosus & Sanabil".Global Corporate Venturing. 21 April 2022. Retrieved2025-10-30.
  24. ^"Sharebite raises $39m Series B led by Prosus".Prosus. 29 June 2022. Retrieved2025-10-30.
  25. ^"Facily – portfolio page".Prosus. Retrieved2025-10-30.
  26. ^Dummett, Ben (2 June 2021)."Stack Overflow Sold to Prosus for $1.8 Billion".WSJ. Retrieved2025-10-30.
  27. ^"Prosus to acquire majority stake in GoodHabitz".GoodHabitz. 15 June 2021. Retrieved2025-10-30.
  28. ^"Prosus base prospectus (effective interest in eMAG is 80.1%)"(PDF).Prosus. 27 November 2020. Retrieved2025-10-30.
  29. ^"Dante International is controlled 80.08% by MIH B2C Holdings BV".Profit.ro. 3 June 2025. Retrieved2025-10-30.
  30. ^"Prosus and Despegar complete acquisition".Prosus. 15 May 2025. Retrieved2025-10-30.
  31. ^van de Beld, Jolanda (12 July 2021)."Gouden aankoop brengt Prosus in de problemen".NRC. Retrieved2025-10-30.
  32. ^"Prosus to write off $700 mln stake in Russia's VK Group". Reuters. 7 March 2022.
  33. ^"Directors resign from VK board".Directors resign from VK board. RetrievedOct 24, 2022.
  34. ^"Prosus to buy Despegar for about $1.7 billion".Reuters. 23 December 2024. Retrieved2025-10-30.
  35. ^"Prosus and Despegar complete acquisition".SEC. 15 May 2025. Retrieved2025-10-30.
  36. ^"Just Eat Takeaway.com and Prosus agree on recommended EUR 20.30 per Share all-cash offer equivalent to EUR 4.1bn".takeaway.com. Retrieved2025-02-24.
  37. ^Pijpker, Joost (19 December 2019)."Takeaway overtreft bod Prosus voor Just Eat".NRC (in Dutch). Retrieved2021-07-13.
  38. ^"EU clears Prosus–Just Eat Takeaway with concessions".Reuters. 11 August 2025. Retrieved2025-10-30.
  39. ^"Prosus fully exits Trip.com in US$743m block trade".South China Morning Post. 25 September 2024. Retrieved2025-10-30.
  40. ^"Prosus FY2022 supplementary presentation"(PDF).Prosus. 2022. Retrieved2025-10-30.
  41. ^"ABN AMRO to acquire BUX".ABN AMRO. 3 July 2024. Retrieved2025-10-30.
  42. ^Pikuła, Rafał (18 March 2022)."Firma powiązana z Grupą OLX pomaga w rekrutacji do rosyjskiej armii. Z rynku wycofać się nie chce".wyborcza.biz (in Polish). Retrieved2022-03-18.
  43. ^Khumalo, Sibongile."'Too early' to decide fate of Naspers-owned Russian classified ads business".Fin24. Retrieved2022-03-18.
  44. ^Sterling, Toby (October 14, 2022)."Prosus to sell Russian classifieds business Avito to Kismet for $2.4B". Reuters.
  45. ^Ch, Prashanth; CEO, rasekar (2021-06-02)."Prosus's Acquisition of Stack Overflow: Our Exciting Next Chapter".Stack Overflow Blog. Retrieved2021-06-24.
  46. ^Salter, Jim (2021-06-03)."Stack Overflow sold to tech investor Prosus for $1.8 billion".Ars Technica. Retrieved2021-06-24.
  47. ^"Prosus to acquire majority stake in GoodHabitz".Prosus to acquire majority stake in GoodHabitz. Archived fromthe original on 2021-06-24. Retrieved2021-06-24.
  48. ^"Prosus acquires GoodHabitz for $257M - AIM Group".aimgroup.com. Retrieved2021-06-24.
  49. ^"Prosus to acquire remaining stake in iFood from Just Eat".Prosus. Retrieved2022-08-20.
  50. ^"Just Eat Takeaway soars on $1.8 billion iFood stake sale to Prosus".Reuters. 2022-08-19. Retrieved2022-08-20.

External links

[edit]

Media related toProsus at Wikimedia Commons

NetherlandsAEX companies of theNetherlands
European UnionEURO STOXX 50 companies of theEuro Area
Last updated: 22 September 2025
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