Koos Bekker Naspers and Prosus chairman Koos Bekker has sold shares in both companies worth about R2.5-billion over three trading days, according to regulatory disclosures. Filings published by Naspers and its European-listed subsidiary, global consumer technology investor Prosus, show that a family trust linked to Bekker disposed of shares in the two companies between 17…
Online education platform Coursera will acquire rival Udemy in an all-stock deal, valuing the combined company at US$2.5-billion, as the industry consolidates after a post-pandemic slowdown and heightened investor scrutiny. Udemy shareholders will receive 0.8 shares of Coursera for each held, valuing the company at about $930-million. Coursera shares were up about 4%, while Udemy…
Naspers and Prosus CEO Fabricio Bloisi. (Supplied) JSE-listed Naspers and its international arm Prosus are on track to deliver more than $7.3 billion – R126.44 billion – in revenue over the entire year, according to an interim results presentation this morning. This would represent an increase of around 1.4% on the top line year-on-year based…
Fabricio Bloisi, CEO at Prosus. Naspers unit Prosus has introduced large commerce models (LCMs) – agentic artificial intelligence (AI) systems that it says are set to replace traditional search and recommendation engines. In a statement today, the company says the LCM has been trained on Prosus’s global database of commercial transactions, continually learning from over…
Prosus and Naspers CEO Fabricio Bloisi. Naspers subsidiary Prosus doubled the number of artificial intelligence (AI) agents working alongside its employees in July, underscoring the company’s push to embed AI at the core of its operations. This update came from CEO Fabricio Bloisi in a letter to shareholders following the group’s annual general meeting (AGM),…
Cobus Stofberg in an undated file photograph, likely taken in the 1990s, on the roof of MultiChoice’s broadcast centre in Randburg, Johannesburg. Image: MultiChoice Group Cobus Stofberg, a veteran of television broadcasting and media in South Africa – and a member of the founding team of M-Net and MultiChoice Group – is stepping down from…
Dutch technology investor Prosus gained European Union antitrust approval on Monday, 11 August, for its €4.1bn ($4.76bn) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero. File photo: A Just Eat delivery rider cycles through Manchester, Britain, 12 August 2023. Reuters/Phil Noble/File Photo Amsterdam-headquartered Prosus, which is majority owned…
Naspers and Prosus CEO Fabricio Bloisi Technology investor Prosus is aiming to double its revenue over the next three years as the company focuses on building out large e-commerce platforms, CEO Fabricio Bloisi said during its capital markets day on Wednesday. Bloisi said the Dutch company aims to double its annual revenue by 2028, which…
