Stack Overflow acquired by Prosus for a whopping $1.8B

Stack Overflow, the net developer neighborhood discussion board, has struck a cope with Naspers’ worldwide web property division Prosus. In keeping with a report from the Wall Road Journal, Prosus is shopping for the corporate for a whopping $1.8 billion.

The funding agency is understood for its $200 billion holdings within the Chinese language tech big Tencent. This acquisition is among the largest in Prosus’ portfolio.

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US-based Stack Overflow was established in 2008, and it shortly turned residence for builders and college students who have been attempting to study extra about programming. The corporate says that it will get greater than 100 million guests a month.

Joel Spolsky, a co-founder of Stack Overflow, famous on his weblog that the corporate will stay unbiased operationally: 

Prosus is an funding and holding firm, which implies that crucial a part of this announcement is that Stack Overflow will proceed to function independently, with the very same workforce in place that has been working it, in keeping with the very same plan and the very same enterprise practices.

Prosus mentioned that whereas many of the developer neighborhood firm’s Groups merchandise are utilized by US-based companies, it plans to develop them in growing international locations equivalent to India and Brazil.

You possibly can learn extra concerning the announcement right here.

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