Sector: Technology
The company is not available at Interactive Brokers
Prosus (JSE:PRX) is a global consumer internet group and one of the largest technology investors in the world. Operating and investing globally in markets with long-term growth potential, Prosus builds leading consumer internet companies that empower people and enrich communities.
Prosus has meaningful investments in Tencent (www.tencent.com; SEHK:00700), Mail.ru (www.corp.mail.ru; LSE:MAIL), Ctrip.com International Limited (“Ctrip”) (NASDAQ:CTRP), and DeliveryHero (www.deliveryhero.com; Xetra:DHER).
Prosus has a primary listing on Euronext Amsterdam (AEX:PRX) and a secondary listing on the Johannesburg Stock Exchange (XJSE:PRX), and is majority owned by Naspers (JSE:NPN).
Semi-Annual values ($m)
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Net Debt / Cash and Equivalents ($m)
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Potential dynamics
Shares in Naspers and Prosus slumped on Friday after China issued new measures to limit players’ spending in videogames.
2023-12-22 13:13 +02:00
Naspers has reported a jump in half-year profit, boosted by its e-commerce businesses and China’s Tencent.
2023-11-29 10:09 +02:00
PlusOne, the Naspers-owned generative AI tool that acts as an aggregator of several third-party AI models.
2023-10-10 10:20 +02:00
Prosus’s new interim CEO inherits a conundrum from his predecessor: how to bridge the yawning gap between the value of the company’s stock and its assets.
2023-09-28 14:44 +02:00
Ervin Tu, newly appointed Naspers and Prosus interim CEO, has promised investors stability and investment discipline.
2023-09-19 15:38 +02:00
Bob van Dijk is stepping down as CEO of both Naspers and its European-listed spinoff Prosus with immediate effect.
2023-09-18 07:33 +02:00
Naspers-owned Prosus has launched an aggregated generative AI tool called PlusOne across its portfolio of companies.
2023-09-12 16:07 +02:00
PayU has announced it will sell its Global Payments Organisation business for $610-million at its pivots to India.
2023-08-01 10:42 +02:00
The removal of the cross-holding structure will let Naspers continue its share buyback programme.
2023-06-27 10:10 +02:00
Naspers on Tuesday reported a 78% slump in annual profit, led by a drop in the contribution from Tencent.
2023-06-27 08:39 +02:00
Prosus is exploring potential divestments from fintech company PayU, according to people familiar with the matter.
2023-05-09 18:31 +02:00
Tencent Holdings tumbled by the most in seven weeks amid speculation its controlling shareholder, Naspers-controlled Prosus, may speed up selling shares.
2023-04-12 09:07 +02:00
A family trust linked to Naspers chairman Koos Bekker has offloaded the euro equivalent of R3.4-billion in Prosus, according to a regulatory filing.
2023-03-30 14:38 +02:00
Prosus and its parent Naspers are planning to cut their corporate workforce by 30%, becoming the latest companies in global tech to announce layoffs.
2023-01-25 18:33 +02:00
Interim profit slipped 93% as the technology investor increased funding of its businesses and took a knock from Tencent.
2022-11-23 08:58 +02:00
The Naspers unit gave up its stake in Russia’s largest social network for nothing, walking away from the company.
2022-11-10 16:21 +02:00
Naspers has rubbished an report that it is in talks with a Chinese investment company to sell all its remaining shares in Tencent.
2022-11-01 10:28 +02:00
Tencent is on track to close at its lowest point in five years as investor sentiment turned negative over China’s macro outlook.
2022-10-20 11:32 +02:00
Prosus, the Dutch-based technology investor owned by Naspers, said it has agreed to sell its Russian online marketplace Avito.
2022-10-16 17:16 +02:00
Naspers-controlled technology investor Prosus has terminated its agreement to buy Indian payments platform BillDesk.
2022-10-03 15:30 +02:00
Tencent Holdings’ buyback spree is failing to revive investor sentiment over the online gaming giant, whose shares are languishing near a 2018 low.
2022-09-21 08:30 +02:00
For early backers, including Naspers, they’ve been some of the most profitable Chinese stock investments of all time.
2022-09-08 09:11 +02:00
Tencent shares worth $7.6-billion have appeared in Hong Kong’s clearing and settlement system, spurring speculation.
2022-09-08 08:50 +02:00
The Naspers-controlled Internet investment firm has agreed to pay as much as €1.8-billion to acquire a further 33.3% stake in Brazil’s iFood.
2022-08-19 08:40 +02:00
A plan by Tencent’s major backer, Naspers-controlled Prosus, to further cut its stake in the company fuelled concerns among investors on Tuesday.
2022-06-28 08:25 +02:00
When there is a deep valuation discount and pressure from its investors, Naspers can’t really time market tops and must appease with cash handouts instead.
2022-06-27 19:07 +02:00
The arm of South African Internet giant Naspers sold almost $4-billion worth of stock in JD.com that it got as dividends from investee Tencent.
2022-06-27 13:13 +02:00
Prosus and Naspers plan to sell down the massive 28.9% stake Prosus holds in Chinese Internet giant Tencent.
2022-06-27 08:13 +02:00
Naspers-controlled technology investor Prosus has decided to exit its shareholding in Russian classifieds business Avito.
2022-05-20 17:25 +02:00
Tencent’s revenue missed estimates after a sweeping government crackdown and Chinese economic malaise wiped out growth at the Internet behemoth.
2022-05-18 16:18 +02:00
Chinese gaming and social media giant Tencent Holdings reported flat growth in first quarter revenue, its worst-ever such performance.
2022-05-18 15:57 +02:00
The JSE had a spectacular trading session on Wednesday after Tencent Holdings’ shares leapt more than 23% in Asian trading.
2022-03-16 08:33 +02:00
Investors punished Chinese shares again on Tuesday, inflicting further collateral damage on South Africa’s Naspers and its European-listed spinoff, Prosus.
2022-03-15 11:58 +02:00
Shares in Naspers and its spinoff Prosus tumbled on Monday after a report said Tencent Holdings faces a record fine in China.
2022-03-14 12:56 +02:00
Prosus expects to write off the equivalent of R11.8-billion and has asked its directors on the board of social media platform VK to resign.
2022-03-08 21:00 +02:00
Tencent denied talk that it’s facing a major regulatory crackdown in China, issuing an unusually aggressive public response. Shares in Naspers still tanked.
2022-02-21 14:32 +02:00
Austria-based education technology start-up GoStudent has raised €300-million in a new round of funding led by Prosus.
2022-01-11 14:09 +02:00
Prosus CEO Bob van Dijk has purchased about $10-million of the company’s shares on the open market.
2022-01-08 09:07 +02:00
Tencent will hand a R258-billion JD.com stake as a dividend to its shareholders, raising questions about its plans for other holdings.
2021-12-23 10:00 +02:00
South Africa recorded R557.9-billion of foreign direct investment inflows in the third quarter of 2021.
2021-12-15 09:45 +02:00
Prosus plans to invest further in its fast-growing online car dealership business, expanding an e-commerce empire that already includes payments, food delivery and education.
2021-11-23 18:35 +02:00
Four-year-old South African stock exchange A2X expects to break even by 2023 as trading in the secondary listings it offers takes off.
2021-10-13 11:29 +02:00JSE:PRX JSE:MTN JSE:VOD JSE:INP JSE:N91 JSE:INL JSE:TKG JSE:NY1 JSE:JSE JSE:BLU JSE:MPT
Online learning platform Udemy has filed regulatory paperwork for an initial public offering in the US. Naspers spinoff Prosus is a big investor.
2021-10-05 15:01 +02:00
Naspers is considering making Covid-19 vaccines mandatory for South African staff after Discovery took the step earlier this month.
2021-09-28 16:39 +02:00
Tencent and NetEase shed more than $60-billion of value on Thursday as investor fears grow that Chinese regulators are preparing to tighten their grip dramatically on the world’s largest gaming industry.
2021-09-09 11:49 +02:00
Tencent investor Prosus – the spinoff of JSE-listed technology and media conglomerate Naspers – is placing its bet on India as the next big technology market.
2021-08-31 18:30 +02:00
Naspers’s high-voting A shares once again ensured that all of the resolutions at Wednesday’s AGM were passed, despite hefty opposition from the N shareholders.
2021-08-26 07:15 +02:00
The deal between South Africa’s Naspers and its spinoff Prosus this week caused havoc, with the JSE forced to delay opening by hours on Wednesday amid the rush of rebalancing trades.
2021-08-22 16:21 +02:00
The five-and-a-half-hour outage on the JSE that prevented traders buying and selling stocks until well into the afternoon on Wednesday was not a good signal for a bourse that touts itself as Africa’s finest.
2021-08-19 16:58 +02:00JSE:PRX JSE:NPN JSE:SLM JSE:N91 JSE:NY1 JSE:JSE JSE:MPT JSE:ISA
JSE-listed IT services group EOH Holdings plans a secondary listing on A2X Markets, with its shares to available to trade from Friday, 13 August.
2021-08-05 11:30 +02:00JSE:PRX JSE:NPN JSE:SOL JSE:SLM JSE:APN JSE:MRP JSE:MTM JSE:AVI JSE:JSE JSE:FBR JSE:EOH JSE:ISA
Technology investor Prosus will pay up to the equivalent of R2.1-billion in transaction fees when it buys a block of parent company Naspers’s shares, prompting criticism from investors.
2021-07-27 12:40 +02:00
Technology investor Prosus and sister company Naspers fell sharply in Amsterdam and Johannesburg trading after China’s move to place restrictions on the country’s education-technology sector.
2021-07-26 16:45 +02:00
Naspers-controlled consumer Internet investment group Prosus is leading an R18.2-billion funding round in Indian food-delivery giant Swiggy. Japan’s SoftBank Group is a co-investor in the round.
2021-07-20 08:16 +02:00
Shareholders of technology investor Prosus on Friday approved a deal with parent Naspers that will move most of the economic value of the intertwined companies to Amsterdam.
2021-07-09 10:52 +02:00
Naspers and Prosus, the European-listed spin-off of Naspers, have appointed Ervin Tu as group chief of investments, strategy and mergers & acquisitions of both companies.
2021-06-23 09:24 +02:00
Prosus said its e-commerce business grew revenues and shrank trading losses for the year that ended 31 March, even as its overall profit continued to be dominated by its investment in Chinese technology giant Tencent.
2021-06-21 12:05 +02:00
Naspers reported a 24% rise in profit for the year that ended 31 March, boosted primarily by the performance of its investment in China’s Tencent Holdings, the company said on Monday.
2021-06-21 06:41 +02:00
Naspers spin-off Prosus has acquired a majority stake in GoodHabitz, a European provider of online training for businesses, for €212-million.
2021-06-15 14:23 +02:00
Naspers is participating in a R201-million funding round involving Cape Town-founded start-up WhereIsMyTransport, along with fellow investors Cathay AfricInvest Innovation Fund and SBI Investment.
2021-06-07 14:30 +02:00
Naspers-controlled Internet investment firm Prosus has agreed to acquire Stack Overflow, a platform used by software developers, for $1.8-billion.
2021-06-02 16:54 +02:00
A Swiss-based investment management firm says the proposed share swap between Naspers and Prosus is an “idiotic idea” that is certain to increase the discount with Tencent.
2021-05-26 13:55 +02:00JSE:PRX JSE:NPN JSE:SPP JSE:AVI JSE:JSE JSE:EMN JSE:HUG JSE:EMH
Prosus on Wednesday announced plans to acquire up to 45.4% of shares in parent Naspers in a deal aimed at moving part of the value of their massive stake in Tencent to Europe from Africa.
2021-05-12 06:40 +02:00
Investors in Naspers said on Thursday they want proceeds from a $14.7-billion stake sale in its Tencent Holdings investment to go towards blockbuster acquisitions or a share buyback.
2021-04-08 15:02 +02:00
Shares of Tencent Holdings dropped in Hong Kong after Naspers unit Prosus priced its placement of the Chinese Internet giant’s stock at the top end of a marketed range, raising $14.7-billion.
2021-04-08 07:09 +02:00
Naspers spin-off, technology investment company Prosus, plans to sell a 2% stake in China’s Tencent, worth about R218-billion at current prices, in an accelerated offering to institutional investors.
2021-04-07 09:52 +02:00
Naspers has hired a top Airbnb and former Amazon executive to lead its global online classifieds business, it said on Thursday, as the technology investor looks to shore up contributions from core businesses.
2021-04-01 14:00 +02:00
Whenever Naspers and Prosus management address any of their stakeholders, somebody will ask what they’re doing to address the discount of the Naspers share price to its underlying net asset value.
2021-02-19 08:08 +02:00
Naspers and Prosus CEO Bob van Dijk does not expect Amazon.com to enter South Africa’s e-commerce sector “any time soon” given the “really good job” being done by Naspers subsidiary Takealot.com.
2021-02-18 17:30 +02:00
Naspers is looking at ways to reduce its dominance of the JSE, an issue that is hampering efforts to narrow a widening valuation gap between the company and its stake in Chinese Internet giant Tencent.
2021-01-28 06:29 +02:00
South Africa’s main share index jumped 2.1% as of 10.07am in Johannesburg, setting a fresh intraday record, as Naspers was lifted by a surge in partly owned Chinese online giant Tencent.
2021-01-25 11:47 +02:00
Prosus is on the lookout for acquisitions after the Dutch e-commerce giant reported a 28% rise in first-half earnings and a net cash position of US$4.3-billion.
2020-11-23 07:29 +02:00
Prosus, the giant investor in online classifieds, food delivery and payments, expects to report a 16.9% to 22.7% growth in earnings per share for the six months to the end of September, it said on Monday.
2020-11-16 17:31 +02:00
Naspers’s European-listed Internet investment holding company Prosus announced on Friday that it plans to acquire up to $5-billion in both Naspers and Prosus shares in a massive share buyback programme.
2020-10-30 14:45 +02:00
A Naspers shareholders’ meeting is, appropriately enough, more like the annual gathering of China’s rubber-stamp parliament, the National People’s Congress.
2020-08-24 13:47 +02:00
Index heavyweight Naspers dropped 4.4% after US President Donald Trump signed a pair of executive orders prohibiting US residents from doing business with the Chinese-owned TikTok and WeChat apps.
2020-08-07 10:25 +02:00
The big deals that Prosus should be winning are slipping through its fingers. It’s not a great start for a company set up to be a deal machine.
2020-07-24 06:17 +02:00
eBay would prefer to keep a stake in the classified advertising business it’s selling, according to people familiar with the matter, lessening the chances Prosus will win the hotly-contested auction.
2020-07-19 13:59 +02:00
Prosus handed in the highest offer for eBay’s classifieds unit, putting the Naspers-owned business in pole position to win one of the largest auction processes this year.
2020-07-17 18:00 +02:00
Prosus is in talks to increase its stake in iFood, Latin America’s biggest food delivery start-up, amid a wave of consolidation in the industry, people with knowledge of the matter said.
2020-07-01 13:58 +02:00
Bob van Dijk, CEO of Naspers and its European-listed spin-off Prosus, received remuneration of US$15.98-million, or R276-million, in the past year, according to the Naspers annual report published on Tuesday.
2020-06-30 14:00 +02:00
Media and e-commerce group Naspers on Monday reported a 4.5% drop in profit for the year to 31 March, mainly as a result of investments to drive growth in its food delivery business.
2020-06-30 08:44 +02:00
Naspers and an investor group backed by German publisher Axel Springer are among suitors that submitted bids for eBay’s classified advertising business, according to people familiar with the matter.
2020-05-23 08:27 +02:00
Naspers remains on the lookout for acquisitions even as economies around the world grind to a halt in the face of the coronavirus pandemic.
2020-04-09 18:55 +02:00
A bad start to the year for stocks? That hasn’t applied to Naspers, as the coronavirus confined hundreds of millions of consumers indoors, driving demand for online services and entertainment.
2020-03-31 17:46 +02:00
Naspers’s Prosus, through its OLX Brazil business, has agreed to spend R9.9-billion to buy Grupo ZAP, described as one of the fastest-growing technology companies in the South American country.
2020-03-04 07:21 +02:00
Naspers-controlled Internet investment firm Prosus is leading a $113-million (R1.7-billion) funding round in Swiggy, India’s largest food delivery platform.
2020-02-20 17:00 +02:00
Naspers plans to sell about 22 million shares in Prosus to increase the free float of its European-listed Internet spin-off.
2020-01-22 06:42 +02:00
Ka-ching! Naspers CEO Bob van Dijk just made a cool R1-billion through the sale of shares in the group. However, he intends to reinvest most of the proceeds back into the group in the form of bonds.
2020-01-15 15:15 +02:00
Takeaway.com is set to declare final victory in the five-month takeover battle for UK food-delivery company Just Eat, people with knowledge of the matter said.
2020-01-04 16:00 +02:00
Just Eat chose a revised offer by Takeaway.com to merge and spurned a final all-cash bid by Naspers spin-off Prosus, which appears all but set to lose the drawn-out fight to claim ownership of the British food delivery firm.
2019-12-20 13:55 +02:00
Takeaway.com raised its bid for Just Eat just minutes after Naspers spin-off Prosus upped its offer, intensifying a battle for ownership of the UK food delivery firm.
2019-12-19 09:05 +02:00
Just Eat has rejected Naspers spin-off Prosus’s higher bid saying that the latest offer still significantly undervalues the company.
2019-12-10 08:49 +02:00
Naspers spin-off Prosus has raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat out an offer from rival Takeaway.com.
2019-12-09 08:43 +02:00
The Twitter CEO said in a post last week that he’ll spend three to six months somewhere on the continent next year. But investors have appeared less convinced of the executive’s intentions over the following days.
2019-12-03 10:30 +02:00
Naspers unlocked about R150-billion of value for shareholders through the separate listing of its Internet businesses, and with that done is now focusing on bulking up in online food deliveries.
2019-11-24 09:14 +02:00
Tencent posted quarterly earnings that missed the lowest analyst’s estimate after a weakening economy hurt advertisement revenue.
2019-11-13 06:42 +02:00Prosus NV and its South African parent Naspers are cutting up to 30% of jobs at their corporate offices, the Dutch technology investor said.
2023-01-25
South Africa`s rand weakened against the dollar on Thursday after the central bank hiked its main lending rate by 75 basis points to tame rising inflation.
2022-11-24Naspers has a new Tencent quandary. The South African group has long traded at a big discount to its stake in the Chinese tech giant, currently worth $100 billion. That shortfall has narrowed since it started selling shares to fund buybacks. A bigger factor, however, is Tencent`s plunging value.
2022-11-17
The South African rand gave up gains on Wednesday after the dollar recovered on a surprise pick up in the U.S. service sector in July, supporting views that the U.S. economy was not in recession.
2022-08-03Naspers has finally realised the value of simplicity. The South African company’s main asset is a 29% shareholding in Chinese internet giant Tencent, currently worth $133 billion. But Naspers has consistently traded at a big discount to that stake, while tying itself in increasingly complicated knots to close the gap. A pledge https://www.naspers.com/news/the-group-announces-the-beginning-of-an-open-ended-share-repurchase-programme-of-prosus-and-naspers-share
2022-06-27South African technology investor Naspers Ltd said on Monday its first half profit climbed 11%, driven by a large contribution from Chinese internet giant Tencent in which it indirectly holds a 29% stake.
2021-11-22
South Africa`s Johannesburg Stock Exchange failed to open equity market trading as usual at 9 a.m. (0700 GMT) on Wednesday as record high trading volumes the previous day snapped its systems, the company said.
2021-08-18
South Africa`s rand recovered from early losses on Monday, with concerns over rising COVID-19 infections setting a cautious tone in global markets ahead of the U.S. Federal Reserve`s meeting this week.
2021-07-26
AMSTERDAM (Reuters) -Shareholders of technology investor Prosus NV on Friday approved a deal with parent Naspers Ltd of South Africa that will move most of the economic value of the intertwined companies to Amsterdam.
2021-07-09
Prosus NV, the international investment arm of South Africa`s Naspers, said on Wednesday it has appointed Ervin Tu as its chief of investments in a position newly created to oversee its M&A activity.
2021-06-23Naspers Chief Executive Bob van Dijk is going all-in to crush his South African discount. The $100 billion internet group on Wednesday launched a long-awaited move to take pressure off its Johannesburg-listed stock via a share swap with Amsterdam-based offshoot Prosus. That leaves the Dutchman with a harder challenge: shrinking the persistent valuation gap with its $212 billion stake in China’s Tencent.
2021-05-12AMSTERDAM (Reuters) -Dutch-listed technology investor Prosus NV plans to raise its stake in South African parent Naspers to nearly 50% in a share swap deal that will move part of their huge holding in China`s Tencent to Amsterdam from Johannesburg.
2021-05-12South Africa`s rand firmed up early on Thursday after the U.S. Federal Reserve struck a more dovish than expected tone after its policy-setting meeting, boosting global risk demand and dragging down the dollar.
2021-04-29Naspers’ Tencent problem is as big as ever. The $100 billion South African company has long traded at a hefty discount to the value of its 31% stake in the Chinese internet giant, which is currently worth around $239 billion. The three basic causes remain the same: Naspers’ inability to easily sell the shares, its reluctance to do so, and its outsized weighting on the Johannesburg Stock Exchange. The last one looks the easiest to fix.
2021-03-19
South Africa`s rand firmed by more than 1% on Tuesday in a return of risk appetite globally as investors continued to weigh the benefits of fiscal stimulus and coronavirus vaccine rollouts over concerns about second and third wave infections.
2021-01-26
South Africa`s rand weakened on Friday, as a rally in riskier assets driven by hopes of U.S. economic stimulus faded, while stocks also fell.
2021-01-22
* Prosus revenue increased 53% to $2.17 bln (Adds details from media call)
2020-11-23Dutch technology investor Prosus said on Friday it would buy back up to $5 billion in its own and South African parent Naspers` shares, as part of efforts to narrow a discount between the companies` share prices and underlying assets.
2020-10-30
South Africa`s Naspers Ltd said on Wednesday it sold around 1.5 billion euros ($1.66 billion) worth of shares in Prosus, the Amsterdam-listed subsidiary housing its internet empire.
2020-01-22
South Africa`s rand rallied in afternoon trade on Thursday as the European Central Bank`s new stimulus measures and mutual concessions by the United States and China in their trade dispute buoyed risk appetite, while stocks also gained.
2019-09-12
South Africa`s rand weakened on Wednesday after data showing business confidence in the country has collapsed, undermining a push by President Cyril Ramaphosa to kick-start growth after a decade of stagnation.
2019-09-11Shares in the spin-off of South African e-commerce group Naspers surged more than 25% in the first minutes of their market debut in Amsterdam on Wednesday.
2019-09-11South African e-commerce group Naspers is listing its global empire of consumer internet assets under the name of Prosus on Wednesday - and the jewel in the crown is a 31% stake in Chinese tech titan Tencent .
2019-09-10
South African e-commerce group Naspers is listing its international internet assets, including its 31% stake in China`s Tencent , in Amsterdam on Wednesday under the name of Prosus.
2019-09-10
South African e-commerce group Naspers is listing its global empire of consumer internet assets under the name of Prosus on Wednesday - and the jewel in the crown is a 31% stake in Chinese tech titan Tencent.
2019-09-10
South African e-commerce giant Naspers said on Friday the delayed multi-billion euro listing of its international internet assets, including its over 30% stake in China`s Tencent, will go ahead on Sept. 11.
2019-07-19
South Africa`s Naspers has been forced to delay the multi-billion euro flotation of its international internet assets, including its lucrative stake in China`s Tencent, after an admin error by a third party involved in the float.
2019-06-21
