Company:Prosus

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Prosus N.V.
FormerlyMyriad International Holdings
TypePublic
Template:EuronextAmsterdam
  1. REDIRECT Template:Johannesburg Stock Exchange
    A2X: PRX
    AEX component
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=NL0013654783 NL0013654783]
IndustryInvestments
Founded3 April 1997; 28 years ago (1997-04-03)
FounderNaspers
Headquarters
Amsterdam
,
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 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]

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, 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.

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 as Property24; Prosus/OLX also holds a stake in EMPG (merger of OLX MENA assets with EMPG/dubizzle in 2020).[14][15][16]
  • Fintech – Majority-owned PayU (retained India/Turkey/SEA and Red Dot Payment; sold the Global Payments Organisation in LatAm & Africa to Rapyd in Mar. 2025), and a minority stake in Remitly (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 as Flink, Foodics, Oda, Sharebite and Facily.[20][21][22][23][24][25]
  • EdTech – Stack Overflow (wholly owned), GoodHabitz (majority), plus minority stakes in platforms such as Brainly, 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 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

  • 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

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

No Acquisition Date Company Price (USD) Ref
1 June 3, 2021 Stack Overflow $1.8 billion [45][46]
2 June 15, 2021 GoodHabitz $257 million [47][48]
3 August 19, 2022 iFood $1.9 billion [49][50]

References

  1. ↑ "CEO Steps Down". Reuters. 18 September 2023. https://www.reuters.com/technology/naspers-prosus-ceo-bob-van-dijk-steps-down-2023-09-18/. 
  2. ↑ 2.0 2.1 2.2 2.3 2.4 "2025 Summary from the Annual Report". Prosus. 2025. https://www.prosus.com/~/media/Files/P/prosus-corp-v2/results-reports-and-events-archive/latest-results/fy-2025/prosus-financial-results-fy25-booklet.pdf. 
  3. ↑ "2024 Annual Report". Prosus. 2024. https://www.prosus.com/~/media/Files/P/prosus-corp-v2/AR2024/2resultsarchive/01annualreport/fy2024annualreport.pdf. 
  4. ↑ "Update on repurchase program". https://www.prosus.com/news/update-on-repurchase-programme-060922/. 
  5. ↑ Schulze, Elizabeth (September 11, 2019). "A $100 billion tech company you've never heard of just listed in Europe". https://www.cnbc.com/2019/09/11/naspers-prosus-lists-in-amsterdam-at-100-billion-valuation.html. 
  6. ↑ 6.0 6.1 Wexler, Alexandra (September 11, 2019). "Introducing Prosus: A Rare European Mega-Tech Stock". https://www.wsj.com/articles/introducing-prosus-a-rare-european-mega-tech-company-stock-11568200484. 
  7. ↑ Kharpal, Arjun (2025-06-23). "Tech investor Prosus bets on India to produce a $100 billion company" (in en). https://www.cnbc.com/2025/06/23/prosus-bets-on-india-to-produce-a-100-billion-company-ceo-says.html. 
  8. ↑ "Prosus - About". https://www.prosus.com/about. 
  9. ↑ "Naspers Announces Revised Timetable for the Listing of Prosus on Euronext Amsterdam and JSE". Jul 19, 2019. https://www.dutchnews.nl/news/businesswire/naspers-announces-revised-timetable-for-the-listing-of-prosus-on-euronext-amsterdam-and-jse/. Retrieved Oct 24, 2022. 
  10. ↑ "Prosus debut creates €120bn European tech giant". Financial Times. 11 September 2019. https://www.ft.com/content/31f17450-d49e-11e9-a0bd-ab8ec6435630. 
  11. ↑ "Naspers, Prosus launch share swap deal to shrink S.Africa discount". 2021-05-12. https://www.reuters.com/technology/prosus-buy-shares-parent-naspers-valuations-lag-tencent-stake-2021-05-12/. 
  12. ↑ "Our portfolio". https://www.prosus.com/portfolio. 
  13. ↑ "Regulatory update". 17 July 2025. https://www.prosus.com/news-insights/regulatory-updates/2025/update-on-tencent-stake-sale-programme. 
  14. ↑ "OLX Group reports strong FY 2025 results". 23 June 2025. https://www.prosus.com/news-insights/group-updates/2025/olx-group-reports-strong-fy-2025-results-with-18-percent-revenue-growth-and-61-percent-profit. 
  15. ↑ "EMPG and OLX Group announce merger of MENA and South Asia businesses". 28 April 2020. https://www.olxgroup.com/news/empg-and-olx-group-announce-merger-of-mena-and-south-asia-businesses/. 
  16. ↑ "About Property24". https://www.property24.com/profile. 
  17. ↑ "Annual results commentary (FY24)". https://prosusreport2024.com/annual-results/commentary.php. 
  18. ↑ "Rapyd completes acquisition of PayU GPO". 16 March 2025. https://www.crowdfundinsider.com/2025/03/237430-fintech-as-a-service-platform-rapyd-acquires-payu-global-payment-organization-gpo/. 
  19. ↑ "Remitly Schedule 13G/A". 11 August 2025. https://www.sec.gov/ixviewer/doc?action=display&source=content&source_url=/Archives/edgar/data/0001782170/000110465925094793/tm2522399d1_sc13ga.htm. 
  20. ↑ "Prosus to acquire remaining stake in iFood from Just Eat". 19 August 2022. https://www.prosus.com/news-insights/group-updates/2022/prosus-to-acquire-remaining-stake-in-ifood-from-just-eat. 
  21. ↑ "EU clears Prosus–Just Eat Takeaway with conditions including Delivery Hero sell-down". Reuters. 11 August 2025. https://www.reuters.com/markets/deals/dealwatch-eu-approves-prosus-takeover-of-just-eat-takeaway-sources-2025-08-11/. 
  22. ↑ "After FY21, Prosus invested US$120m in Oda (Kolonial) and US$84m in Flink". 21 June 2021. https://www.prosus.com/~/media/Files/P/Prosus-CORP/results-reports-and-events-archive/latest-results/fy-2021/supplementary-presentation.pdf. 
  23. ↑ "Foodics snags $170m Series C led by Prosus & Sanabil". Global Corporate Venturing. 21 April 2022. https://globalventuring.com/corporate/foodics-fulfils-170m-series-c/. 
  24. ↑ "Sharebite raises $39m Series B led by Prosus". 29 June 2022. https://www.prosus.com/news-insights/2022/sharebite-announces-closing-of-us39m-series-b-round-led-by-prosus. 
  25. ↑ "Facily – portfolio page". https://www.prosus.com/our-portfolio/more/facily. 
  26. ↑ Dummett, Ben (2 June 2021). "Stack Overflow Sold to Prosus for $1.8 Billion". WSJ. https://www.wsj.com/articles/software-developer-community-stack-overflow-sold-to-tech-giant-prosus-for-1-8-billion-11622648400. 
  27. ↑ "Prosus to acquire majority stake in GoodHabitz". 15 June 2021. https://www.goodhabitz.com/about/company-news/prosus-to-acquire-majority-stake. 
  28. ↑ "Prosus base prospectus (effective interest in eMAG is 80.1%)". 27 November 2020. https://ise-prodnr-eu-west-1-data-integration.s3-eu-west-1.amazonaws.com/legacy/Supplements_c44d4c9e-cdeb-46c8-baa0-19411d235374.pdf. 
  29. ↑ "Dante International is controlled 80.08% by MIH B2C Holdings BV". Profit.ro. 3 June 2025. https://www.profit.ro/povesti-cu-profit/retail/operatorul-emag-record-in-romania-dar-si-cu-un-recul-dupa-multi-ani-22055161. 
  30. ↑ "Prosus and Despegar complete acquisition". 15 May 2025. https://www.prosus.com/news-insights/group-updates/2025/prosus-and-despegar-complete-acquisition. 
  31. ↑ van de Beld, Jolanda (12 July 2021). "Gouden aankoop brengt Prosus in de problemen". NRC. https://www.nrc.nl/nieuws/2021/07/12/gouden-aankoop-brengt-prosus-in-de-problemen-a4050658. 
  32. ↑ "Prosus to write off $700 mln stake in Russia's VK Group". Reuters. 7 March 2022. https://www.reuters.com/business/finance/dutch-investor-prosus-write-off-700-million-stake-vk-group-2022-03-07/. 
  33. ↑ "Directors resign from VK board". https://www.prosus.com/news/directors-resign-from-vk-board/. Retrieved Oct 24, 2022. 
  34. ↑ "Prosus to buy Despegar for about $1.7 billion". Reuters. 23 December 2024. https://www.reuters.com/markets/deals/prosus-buy-latin-american-online-travel-agency-despegarcom-17-bln-2024-12-23/. 
  35. ↑ "Prosus and Despegar complete acquisition". 15 May 2025. https://www.sec.gov/Archives/edgar/data/1703141/000094787125000525/ss4830126_ex9901.htm. 
  36. ↑ "Just Eat Takeaway.com and Prosus agree on recommended EUR 20.30 per Share all-cash offer equivalent to EUR 4.1bn" (in en). https://newsroom.justeattakeaway.com/en-WW/247234-just-eat-takeaway-com-and-prosus-agree-on-recommended-eur-20-30-per-share-all-cash-offer-equivalent-to-eur-4-1bn-for-100-of-the-shares/. 
  37. ↑ Pijpker, Joost (19 December 2019). "Takeaway overtreft bod Prosus voor Just Eat" (in nl). https://www.nrc.nl/nieuws/2019/12/19/takeaway-overtreft-bod-prosus-voor-just-eat-a3984459. 
  38. ↑ "EU clears Prosus–Just Eat Takeaway with concessions". Reuters. 11 August 2025. https://www.reuters.com/markets/deals/dealwatch-eu-approves-prosus-takeover-of-just-eat-takeaway-sources-2025-08-11/. 
  39. ↑ "Prosus fully exits Trip.com in US$743m block trade". South China Morning Post. 25 September 2024. https://www.scmp.com/tech/big-tech/article/3279932/internet-investor-prosus-fully-exits-tripcom-stake-us743-million-block-trade. 
  40. ↑ "Prosus FY2022 supplementary presentation". 2022. https://www.prosus.com/~/media/Files/P/Prosus-CORP/results-reports-and-events-archive/latest-results/fy-2022/supplementary-presentation.pdf. 
  41. ↑ "ABN AMRO to acquire BUX". 3 July 2024. https://www.abnamro.com/en/newsroom/press-releases/2024/abn-amro-to-acquire-bux. 
  42. ↑ Pikuła, Rafał (18 March 2022). "Firma powiązana z Grupą OLX pomaga w rekrutacji do rosyjskiej armii. Z rynku wycofać się nie chce" (in pl). https://wyborcza.biz/biznes/7,177151,28232719,w-rosji-agentow-i-zolnierzy-szukaja-na-portalu-ogloszeniowym.html?_ga=2.246186564.1580742584.1646745852-188646076.1645893461&disableRedirects=true. 
  43. ↑ Khumalo, Sibongile. "'Too early' to decide fate of Naspers-owned Russian classified ads business" (in en-US). https://www.news24.com/fin24/companies/ict/too-early-to-decide-fate-of-naspers-owned-russian-classified-ads-business-20220301. 
  44. ↑ Sterling, Toby (October 14, 2022). "Prosus to sell Russian classifieds business Avito to Kismet for $2.4B". Reuters. https://www.reuters.com/technology/prosus-says-it-will-sell-russian-classifieds-business-24b-2022-10-14/. 
  45. ↑ Ch, Prashanth; CEO, rasekar (2021-06-02). "Prosus's Acquisition of Stack Overflow: Our Exciting Next Chapter" (in en-US). https://stackoverflow.blog/2021/06/02/prosus-acquires-stack-overflow/. 
  46. ↑ Salter, Jim (2021-06-03). "Stack Overflow sold to tech investor Prosus for $1.8 billion" (in en-us). https://arstechnica.com/gadgets/2021/06/stack-overflow-sold-to-tech-investor-prosus-for-1-8-billion/. 
  47. ↑ "Prosus to acquire majority stake in GoodHabitz" (in en). https://www.prosus.com/news/prosus-to-acquire-majority-stake-in-goodhabitz/. 
  48. ↑ "Prosus acquires GoodHabitz for $257M - AIM Group" (in en-US). https://aimgroup.com/2021/06/15/prosus-acquires-goodhabitz-for-257m/. 
  49. ↑ "Prosus to acquire remaining stake in iFood from Just Eat" (in en). https://goprosus.com/3QWUc8a. 
  50. ↑ "Just Eat Takeaway soars on $1.8 billion iFood stake sale to Prosus" (in en). Reuters. 2022-08-19. https://www.reuters.com/markets/deals/prosus-buy-ifood-stake-just-eat-takeaway-up-18-bln-euros-2022-08-19/. 



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