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…
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…
