Prosus

Last updated
Prosus N.V.
FormerlyMyriad International Holdings
Company type Public
Euronext Amsterdam:  PRX
JSE: PRX
A2X: PRX
AEX component
ISIN NL0013654783
Industry Investments
Founded3 April 1997;28 years ago (1997-04-03)
Founder Naspers
Headquarters,
Netherlands
Area served
Worldwide
Key people
Koos Bekker
(Chairman)
Fabricio Bloisi (CEO) [1]
Basil Sgourdos
(CFO)
RevenueIncrease2.svg $6.17 billion (2025) [2]
Increase2.svg $173 million (2025) [2]
Increase2.svg $12.36 billion (2025) [2]
Total assets Increase2.svg $72.58 billion (2025) [2]
Total equity Increase2.svg $51.12 billion (2025) [2]
Number of employees
20,882 (2024) [3]
Parent Naspers
Website prosus.com

Prosus N.V. is a Dutch investment 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]

Contents

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 is South African multinational mass media company Naspers. [6] [7] In September 2019, Prosus's ordinary shares were listed on Euronext Amsterdam and, as a secondary inward-listing, on the Johannesburg Stock Exchange. [8] Subsequent to its IPO Tooltip 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

Prosus' head office is located in the Symphony Building in the Zuidas business district in Amsterdam. Campus Duisenberg school of finance.jpg
Prosus' head office is located in the Symphony Building in the Zuidas 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:

Prosus is best known for its early investment in Tencent, 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 company VK after VK's CEO Vladimir Kirienko was put on a U.S. sanctions list. [32] [33]

In December 2024, Prosus agreed to acquire Despegar, 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 acquire Just Eat Takeaway.com for €4.1 billion in cash. [36] In 2019, the company had attempted to acquire the then-independent Just Eat, but lost the bidding war to Takeaway.com. [37] U approval in August 2025 required Prosus to reduce its Delivery Hero exposure. [38]

Former assets

Controversy

Following the Russian 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 any disinvestments or scaling back of its operations in Russia. It was criticised in particular with regard to its Avito platform (a subsidiary of OLX), which, among other activities, provided classified 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

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

References

  1. "CEO Steps Down". Reuters. 18 September 2023.
  2. 1 2 3 4 5 "2025 Summary from the Annual Report" (PDF). Prosus. 2025. Retrieved 3 October 2025.
  3. "2024 Annual Report" (PDF). Prosus. 2024. Retrieved 3 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. 1 2 Wexler, 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. Retrieved 2025-07-14.
  8. "Prosus - About". www.prosus.com. Retrieved 2021-07-13.
  9. "Naspers Announces Revised Timetable for the Listing of Prosus on Euronext Amsterdam and JSE". Jul 19, 2019. Retrieved Oct 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. Retrieved 2021-07-13.
  12. "Our portfolio". Prosus. Retrieved 2025-10-30.
  13. "Regulatory update". Prosus. 17 July 2025. Retrieved 2025-10-30.
  14. "OLX Group reports strong FY 2025 results". Prosus. 23 June 2025. Retrieved 2025-10-30.
  15. "EMPG and OLX Group announce merger of MENA and South Asia businesses". OLX Group. 28 April 2020. Retrieved 2025-10-30.
  16. "About Property24". Property24. Retrieved 2025-10-30.
  17. "Annual results commentary (FY24)". Prosus. Retrieved 2025-10-30.
  18. "Rapyd completes acquisition of PayU GPO". Crowdfund Insider. 16 March 2025. Retrieved 2025-10-30.
  19. "Remitly Schedule 13G/A". SEC. 11 August 2025. Retrieved 2025-10-30.
  20. "Prosus to acquire remaining stake in iFood from Just Eat". Prosus. 19 August 2022. Retrieved 2025-10-30.
  21. "EU clears Prosus–Just Eat Takeaway with conditions including Delivery Hero sell-down". Reuters. 11 August 2025. Retrieved 2025-10-30.
  22. "After FY21, Prosus invested US$120m in Oda (Kolonial) and US$84m in Flink" (PDF). Prosus. 21 June 2021. Retrieved 2025-10-30.
  23. "Foodics snags $170m Series C led by Prosus & Sanabil". Global Corporate Venturing. 21 April 2022. Retrieved 2025-10-30.
  24. "Sharebite raises $39m Series B led by Prosus". Prosus. 29 June 2022. Retrieved 2025-10-30.
  25. "Facily – portfolio page". Prosus. Retrieved 2025-10-30.
  26. Dummett, Ben (2 June 2021). "Stack Overflow Sold to Prosus for $1.8 Billion". WSJ. Retrieved 2025-10-30.
  27. "Prosus to acquire majority stake in GoodHabitz". GoodHabitz. 15 June 2021. Retrieved 2025-10-30.
  28. "Prosus base prospectus (effective interest in eMAG is 80.1%)" (PDF). Prosus. 27 November 2020. Retrieved 2025-10-30.
  29. "Dante International is controlled 80.08% by MIH B2C Holdings BV". Profit.ro. 3 June 2025. Retrieved 2025-10-30.
  30. "Prosus and Despegar complete acquisition". Prosus. 15 May 2025. Retrieved 2025-10-30.
  31. van de Beld, Jolanda (12 July 2021). "Gouden aankoop brengt Prosus in de problemen". NRC. Retrieved 2025-10-30.
  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. Retrieved Oct 24, 2022.
  34. "Prosus to buy Despegar for about $1.7 billion". Reuters. 23 December 2024. Retrieved 2025-10-30.
  35. "Prosus and Despegar complete acquisition". SEC. 15 May 2025. Retrieved 2025-10-30.
  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. Retrieved 2025-02-24.
  37. Pijpker, Joost (19 December 2019). "Takeaway overtreft bod Prosus voor Just Eat". NRC (in Dutch). Retrieved 2021-07-13.
  38. "EU clears Prosus–Just Eat Takeaway with concessions". Reuters. 11 August 2025. Retrieved 2025-10-30.
  39. "Prosus fully exits Trip.com in US$743m block trade". South China Morning Post. 25 September 2024. Retrieved 2025-10-30.
  40. "Prosus FY2022 supplementary presentation" (PDF). Prosus. 2022. Retrieved 2025-10-30.
  41. "ABN AMRO to acquire BUX". ABN AMRO. 3 July 2024. Retrieved 2025-10-30.
  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). Retrieved 2022-03-18.
  43. Khumalo, Sibongile. "'Too early' to decide fate of Naspers-owned Russian classified ads business". Fin24. Retrieved 2022-03-18.
  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. Retrieved 2021-06-24.
  46. Salter, Jim (2021-06-03). "Stack Overflow sold to tech investor Prosus for $1.8 billion". Ars Technica. Retrieved 2021-06-24.
  47. "Prosus to acquire majority stake in GoodHabitz". Prosus to acquire majority stake in GoodHabitz. Archived from the original on 2021-06-24. Retrieved 2021-06-24.
  48. "Prosus acquires GoodHabitz for $257M - AIM Group". aimgroup.com. Retrieved 2021-06-24.
  49. "Prosus to acquire remaining stake in iFood from Just Eat". Prosus. Retrieved 2022-08-20.
  50. "Just Eat Takeaway soars on $1.8 billion iFood stake sale to Prosus". Reuters. 2022-08-19. Retrieved 2022-08-20.

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