{"id":6364,"date":"2021-06-03T10:42:37","date_gmt":"2021-06-03T14:42:37","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=6364"},"modified":"2021-08-03T11:01:54","modified_gmt":"2021-08-03T15:01:54","slug":"prosus-acquires-stack-overflow-in-1-8-billion-deal","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/prosus-acquires-stack-overflow-in-1-8-billion-deal\/","title":{"rendered":"Prosus Acquires Stack OverFlow in $1.8 Billion Deal"},"content":{"rendered":"\n<p>Prosus, Europe&#8217;s largest tech investment company, says it has bought Stack OverFlow for $1.8 billion.<\/p>\n\n\n\n<p>The move helps separate its holdings from markets in China.<\/p>\n\n\n\n<p>Stack OverFlow operates a site where software engineers can share their questions and answers.<\/p>\n\n\n\n<p>It also has an enterprise product called Stack OverFlow for Business that helps do similar things for larger organizations with a variety of topics.<\/p>\n\n\n\n<p>Prosus is known as the largest shareholder in Chinese internet giant Tencent Holdings Ltd.<\/p>\n\n\n\n<p>In April, Prosus sold a small portion of its stake in Tencent for $14.6 billion.<\/p>\n\n\n\n<p>The sale reduces its stake in Tencent from 30.9% to 29.9%.<\/p>\n\n\n\n<p>This suggests Prosus sees more long-term investment opportunities outside China and Tencent&#8217;s future prospects.<\/p>\n\n\n\n<p>The acquisition of Stack OverFlow expands Prosus&#8217; investments in educational technology companies, while reflecting a changing landscape, as large companies alter to support work from home policies with teams in various areas.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.zdnet.com\/article\/stack-overflow-sold-to-europes-prosus-for-1-8bn\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in ZDNet.<\/p>","protected":false},"excerpt":{"rendered":"<p>Prosus, Europe&#8217;s largest tech investment company, says it has bought Stack OverFlow for $1.8 billion.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-6364","post","type-post","status-publish","format-standard","hentry","category-companies"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=6364"}],"version-history":[{"count":5,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6364\/revisions"}],"predecessor-version":[{"id":6371,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/6364\/revisions\/6371"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=6364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=6364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=6364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}