Prosus NV

Prosus NV engages in the provision of different technology platforms. It operates through the following segments: Ecommerce, Social and Internet Platforms, and Corporate. The Ecommerce segment operates internet platforms to provide various services and products, and includes classifieds, payments and fintech, food delivery, etail, travel, and other ecommerce. The Social and Internet Platforms segment holds listed investments in social and internet platforms through Tencent and Mail.ru. The Corporate segment comprises entities which provide various corporate functions and activities. The company was founded on April 3, 1997 and is headquartered in Amsterdam, the Netherlands.

Naspers Ltd

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): 1. INTRODUCTION The board of directors of Naspers (the Naspers Board) and the board of directors of Prosus (the Prosus Board) are pleased to announce that Naspers and Prosus (together with their consolidated subsidiaries, the Group) intend to implement a proposed transaction in terms of which the cross-holding structure between Naspers and Prosus (the Cross-Holding Structure) will be removed (the Proposed Transaction). The imp.

Naspers and Prosus Announce the Intention to Remove the Cross-Holding Structure

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are advised that the company's annual report (including consolidated annual financial statements) for the year ended 31 March 2023 will be available on the company's website, www.prosus.com, this morning, Tuesday, 27 June 2023. The summarised consolidated financial statements together with additional supporting information for the annual report will also be published on the website, www.prosus.com, together with t.

Prosus N.V.: Distribution of Annual Report 2023 and Update Regarding Annual General Meeting

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): In the second half of the year the group made significant progress in delivery of its strategic priorities, positioning it well for long-term value creation. The ongoing open-ended repurchase programme is creating significant value for shareholders and actions taken in H2 to streamline operations have improved profitability. The group has increased confidence in achieving its H1 2025 profit ambition, while continuing to delive.

Prosus Delivers Against Strategic Objectives and Is On-Track to Achieve Profitability Target

BandLab Technologies said late Tuesday it has raised an additional $25 million from existing investors as the company's valuation jumped 35% from its most recent funding round at the height of the Covid-19 pandemic.

Cercano, Prosus Double Down On Kuok Family-Backed BandLab Investment As Valuation Jumps

Prosus N.V. is a holding company that serves the world's Internet consumer group. Its investment in e-commerce is very promising and, in my view, anchors this company's long-term prosperity.

Prosus: Profitability Path Set As E-Commerce Results Justify Investment

Prosus is actively engaging with multiple players to explore sale of classified business Olx's Autos unit in several markets including India and Indonesia, according to a source familiar with the matter.

Prosus in talks to sell Olx Autos business in India, other markets

Technology investor Prosus is considering a sale of its OLX Autos classified advertising business, the company said on Thursday.

Prosus considers sale of automotive classified advertising business

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): On 2 March 2023, Prosus announced that the core classifieds business of OLX Group continues to deliver a strong performance through the financial year, with sustained growth and improving profitability, and is well-placed for further growth and margin expansion. Most recently, OLX Autos, the adjacent car transaction business has, similar to listed peers, been affected by ongoing macroeconomic and market challenges.

Prosus Focuses Classifieds Operations on Its Attractive Core Business

Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said.

Prosus, Naspers cutting 30% of jobs at corporate offices

Glencore PLC

Steven Romick (Trades, Portfolio) disclosed his portfolio for the fourth quarter of 2022 earlier this month.

Steven Romick Swaps Prosus for Naspers, Trims Top Holding Glencore

Tencent Holdings Limited

After years of zero-Covid, China is finally reopening. Tencent is allowed to license new games again, and the Tech crackdown is mostly over.

Is China Investable Again? Another Look At Prosus And Tencent

The time has come to revisit Prosus - and because China has gone up in the time since my last article, Prosus is equally seeing a share price increase. There's some impressive outperformance if we look at the company from a 3-4 month perspective. I made my stance clear, and the company reached "BUY" in October/November.

Prosus: Why Things Are Still As Unclear As Ever, Reiterate Hold

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Naspers/Prosus' half-year update had lots to like.

The Best Way to Invest in Emerging Markets Just Got Even Better

Naspers Ltd and Prosus NV (OTCPK:PROSY) Q2 2022 Earnings Conference Call November 23, 2022 10:00 AM ET Company Participants Bob van Dijk - CEO & Executive Director Vasileios Sgourdos - CFO, Financial Director & Executive Director Charles Searle - Non-Executive Director, Tencent Holdings Limited Romain Voog - CEO of Classifieds, Naspers Limited Eoin Ryan - Head, IR, Naspers Limited Conference Call Participants Cesar Tiron - Bank of America Merrill Lynch William Packer - BNP Paribas Exane Silvia Cuneo - Deutsche Bank Christopher Johnen - HSBC Warwick Bam - Avior Capital Markets Catherine O'Neill - Citi Lisa Yang - Goldman Sachs Operator Good day, ladies and gentlemen, and welcome to the Naspers and Prosus Interim Results Presentation. [Operator Instructions].

Naspers Ltd and Prosus NV (PROSY) Q2 2022 Earnings Call Transcript

Europe-listed Prosus, which has long used dividends from the Chinese gaming giant to fund expensive bets, is moving more aggressively to stem losses.

Tencent's Top Shareholder Prosus Embraces Tech's New Normal

AMSTERDAM--( BUSINESS WIRE )--Prosus N.V. (AEX: PRX) has announced a solid set of results for the first half of the year.

Prosus Delivers Strong Ecommerce Revenue Growth and Operating Performance

Prosus N.V.: Press Related to TENCENT

Technology investment firm Prosus NV and its South African parent Naspers on Tuesday rejected as "untrue" a report that they are in talks to sell their large stake in Chinese software and gaming giant Tencent.

Prosus and Naspers deny report they are in talks to sell Tencent stake

European shares rose on Monday, driven by hopes that the Federal Reserve could slow its pace of interest rate hikes, while investors braced for a busy week of earnings and a key interest rate decision from the European Central Bank.

European stocks jump on Fed slowdown hopes, Prosus slides on China woes

Prosus N.V. (Prosus) (AEX and JSE: PRX): Shareholders are referred to the public statements made by Naspers Limited and Prosus (together with their subsidiaries and affiliates, the Group) on 24 March 2022 and 20 May 2022, and in the Prosus results announcement for the year ended 31 March 2022 published on 27 June 2022, in relation to the Group's intention to exit its investment in its Russian classifieds businesses and operations (the Avito Group), and wherein shareholders were informed that the Group had begun searching for an appropriate purchaser (the Statements on Avito).

Prosus N.V.: Disposal of Avito Group

Prosus , the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito for 151 billion roubles ($2.46 billion), to Kismet Capital Group.

Prosus to sell Russian classifieds business Avito to Kismet for $2.4B

Prosus has scrapped the $4.7 billion acquisition of BillDesk it announced last year, once stated to be the European technology giant's largest, saying “certain conditions” were unfulfilled in a surprising move a month after the proposed acquisition received from the local antitrust watchdog the approval to proceed.

Prosus cancels $4.7 billion acquisition of India's BillDesk

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (AEX and JSE: PRX): On 31 August 2021, Prosus announced that an agreement had been reached between PayU Payments Private Limited (PayU), a subsidiary of Prosus, and the shareholders of the Indian digital payments provider BillDesk to acquire BillDesk for US$4.7 billion. Closing of the transaction was subject to the fulfilment of various conditions precedent, including approval by the Competition Commission of India (CCI). PayU secured CCI approva

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