Prosus, the European-listed subsidiary of Naspers, has reported an 84% surge in full-year adjusted core profit. This milestone marks the first time the company’s consumer digital platforms have achieved simultaneous profitability across all operating regions. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: EV adoption in South Africa! The company’s digital services and e-commerce portfolio…
Fabricio Bloisi Two years into the four-year window that decides whether Fabricio Bloisi collects a US$100-million “moonshot” share award, the prize looks further off than when it was set. The combined Naspers and Prosus market capitalisation that must double for the award to pay out has gone backwards over the past year, Naspers’s integrated annual…
Naspers and Prosus CEO Fabricio Bloisi. (Supplied) Naspers unit Prosus will release its FY26 financial results in June, with CEO Fabricio Bloisi signalling a strong underlying performance and improved profitability across its ecosystem businesses. In an update to shareholders, Bloisi points out FY26’s performance is a reference point for the group’s financial trajectory, with profitability…
Prosus, the Naspers-controlled technology investment giant, has sold a 4.5% stake in the German food delivery platform Delivery Hero to Uber Technologies. The transaction, valued at approximately €270 million, represents a strategic move to satisfy regulatory requirements set by the European Commission. Read: Bandwidth Blog & Smile 90.4FM Tech Tuesday: Apple smart glasses! Under the…
Prosus’s stake in Delivery Hero will drop to 21.8% after a share sale to Uber. JSE-listed Prosus has sold a 4.5% stake in its German delivery platform, Delivery Hero, to Uber for R5.2 billion. Prosus, which operates as Naspers’s international arm, says the sale is part of a European Commission requirement for its takeover of…
Naspers subsidiary Prosus has sold a 4.5% stake in German food delivery group Delivery Hero to Uber Technologies for about €270-million, taking a further step towards meeting European Commission commitments imposed as a condition of its takeover of Just Eat Takeaway.com. The Naspers-controlled technology investor said on Friday it had agreed to sell roughly 13.58…
Image for illustration purposes only Naspers subsidiary Prosus has signed a three-year global partnership agreement with Amazon Web Services to scale the use of artificial intelligence across its portfolio companies in Latin America, Europe and India. The agreement will see selected Prosus-backed businesses – including iFood, OLX, PayU, Despegar, eMag and Just Eat Takeaway.com –…
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…
