The tech giant, Prosus has finally acquired stack overflow, an online community for software developers using questions and answers to solve problems and saving tons of developers from bugs.
Prosus is the largest tech shareholder of popular companies like Tecent holdings LTD which was acquired in 2001 for $34 million. The Stack Overflow deal ranks among Prosus’ biggest acquisitions.
Prosus invests globally across a range of online platforms focused on areas such as food delivery, classifieds and fintech. It also maintains a more than $200 billion holding in Tencent. Prosus’ parent company, Naspers Ltd.
Stack overflow’s deal is out of the biggest acquisition in Prosus tech space, Prosus already owns stakes in two educational tech companies like Udemy and Codecademy.
Stack Overflow, one of the 50 most popular websites in the world, has built a global company and a highly engaged developer and technologist community over the last 13+ years.
Founded in 2008, with expertise in scaling communities in high-growth markets globally, Prosus can help accelerate Stack Overflow’s growth ambitions.
Larry Illg, CEO of EdTech at Prosus, said, “We are delighted to be welcoming Stack Overflow to the Prosus family as we increasingly focus on the future of workplace learning.”
Stack Overflow’s CEO, Prashanth Chandrasekar, said, “We are excited to be joining the Prosus family, which catapults us into a new phase of growth and allows us to expand and accelerate Stack Overflow’s impact around the world.”