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Prosus N.V. (PROSF)

36.29

0.00

(0.00%)

At close: January 16 at 3:00:00 PM EST

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Barrons.com 22 days ago

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Despegar.com Agrees to $1.7 Billion Prosus Buyout

Latin American online travel agency Despegar.com (DESP) said Monday that it agreed to be acquired an

PREMIUM
MT Newswires 25 days ago

PRX.AS

DESP
Prosus to Buy Online Travel Agency Despegar for $1.7 Billion

(Bloomberg) -- Prosus NV is acquiring online travel agency Despegar.com Corp. for $1.7 billion as the Dutch technology investor seeks to expand its online commerce presence in Latin America.Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesA Commuting Resolution for 2025: Ride Your Local Subway or BusDespegar’s board approved the offer of $19.50 a share, a 33% premium to the closing price on Dec. 20, Prosus said in

Bloomberg 25 days ago

PRX.AS
Prosus to buy Latin American online travel agency Despegar.com for $1.7 billion

Prosus, majority-owned by South Africa's Naspers, said it would pay $19.50 per Despegar share, which is a premium of about 33% to the stock's closing price on Friday. Prosus said it plans to create synergies between Despegar, which operates in more than 19 Latin American markets, and its other regional businesses such as food delivery platform iFood and events platform Sympla.

Reuters 25 days ago

PRX.AS
Prosus to Acquire Latin America’s Leading Online Travel Agency, Despegar, for US$1.7bn

AMSTERDAM & JOHANNESBURG, South Africa, December 23, 2024--Prosus, a global technology company, today announces that it has entered into a definitive agreement to acquire Despegar (NYSE: DESP) a leading Latin American Online Travel Agency (OTA), for $19.50 per share, equating to a 33% premium to the closing share price as of 20 December 2024, and a 34% premium to Despegar’s 90-day VWAP (volume weighted average price). The proposed transaction was approved by Despegar’s board of directors, who re

Business Wire 25 days ago

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Despegar.com Enters Into Merger Agreement to Be Acquired by Prosus for $19.50 Per Share in Cash

BRITISH VIRGIN ISLANDS, December 23, 2024--Despegar.com, Corp. (NYSE: DESP) ("Despegar" or the "Company"), Latin America’s leading travel technology company, today announced that it has entered into a definitive merger agreement ("the Agreement") to be acquired by Prosus (Euronext: PRX), a leading global technology company for $19.50 per share in an all cash transaction (the "Transaction"), representing an enterprise value of approximately $1.7 billion for Despegar.

Business Wire 25 days ago

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Prosus' (AMS:PRX) Problems Go Beyond Weak Profit

The subdued market reaction suggests that Prosus N.V.'s ( AMS:PRX ) recent earnings didn't contain any surprises. We...

Simply Wall St. last month

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Prosus Swings to Profit in First Half After Asset Sales

(Bloomberg) -- Prosus NV reported a first-half profit as the technology investor sold stakes in online businesses in China and South Africa.Most Read from BloombergKansas City Looks Back on its Long, Costly Ride With MicrotransitAs Wars Rage, Cities Face a Dark New Era of Urban DestructionNYC’s Run-Down Bus Terminal Gets Approval for $10 Billion RevampRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsGroup adjusted earnings before interest and taxes totaled $60 million in the six mo

Bloomberg last month

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Trending tickers: Tesla, BlackRock, Stellantis, Volkswagen and Unilever

The latest investor updates on stocks that are trending on Monday.

Yahoo Finance UK last month

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Prosus nearly doubles profit in H1 on strong e-commerce, Tencent growth

Dutch technology investor Prosus NV reported on Monday an 89.5% jump in core headline earnings during its half year, driven by accelerated growth and improved profitability of its e-commerce businesses and China's Tencent. Prosus, majority-owned by South Africa's Naspers, said core headline earnings per share (HEPS) from continuing operations rose to 144 U.S. cents in the six months ended Sept. up from 76 U.S. cents.

Reuters last month

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PRX.AS
Prosus Accelerates Growth, with 5X Improvement in Adjusted EBIT

AMSTERDAM, December 02, 2024--Prosus N.V. (Prosus) (AEX and JSE: PRX): The first six months of the financial year have been a successful period for the Group. Our operations delivered topline growth of 26%, with consolidated Ecommerce revenue of US$3.0bn, and we increased Ecommerce adjusted EBIT by five times to US$181m. We recently celebrated the listing of Swiggy, valued at US$11.3bn, and sold US$2bn+ of assets, including a portion of our Swiggy stake and our Trip.com position. Our buyback has

Business Wire last month

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Stocks to watch this week: Salesforce, Lululemon, Frasers Group, Berkeley and Foot Locker

Earnings preview of key companies reporting this week and what to look out for

Yahoo Finance UK last month

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Prosus looks to list Indian payments firm PayU in 2025

Dutch technology investor Prosus hopes to list Indian digital payments and lending firm PayU next year, its chief investment officer said on Wednesday, after clocking a $2 billion gain on its investment in another local firm Swiggy. While Prosus hoped to list PayU by the end of 2024, it's currently "not on that path", Ervin Tu, Prosus's chief investment officer, said on a media call.

Reuters 2 months ago

PRX.AS
Prosus Gains $2 Billion on Swiggy Investment with IPO Value

(Bloomberg) -- Tencent Holdings Ltd.’s top backer Prosus NV said it has made more than $2 billion on its Swiggy investment as it continues to highlight the value of its portfolio outside of its stake in the Chinese tech giant. Most Read from BloombergZimbabwe City of 700,000 at Risk of Running Dry by Year-EndSaudi Neom Gets $3 Billion Loan Guarantee From Italy Export Credit Agency SaceThe Urban-Rural Divide Over Highway Expansion and EmissionsProsus and its controlling shareholder Naspers Ltd. i

Bloomberg 2 months ago

PRX.AS

TCEHY
Court Rejects Byju’s Settlement, Paving Way for Insolvency

(Bloomberg) -- India’s top court struck down a bankruptcy tribunal’s order that allowed Byju’s to settle debts with a key creditor, pushing the online tutor back firmly into the insolvency process.Most Read from BloombergThe Tartarian CandidateBooming Cambridge Exposes England’s Widening Wealth GapA Courtyard Apartment Building Designed for Southwest SprawlRobotaxis Are No Friend of Public TransportationArgentina Drug Trafficking Hotspot Sees Murders PlungeThe Supreme Court Wednesday ruled that

Bloomberg 2 months ago

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Prosus to Push AI in E-Commerce as Part of Double Value Plan

(Bloomberg) -- Dutch e-commerce investor Prosus NV plans to invest in artificial intelligence across its businesses, Chief Executive Officer Fabricio Bloisi said, as he seeks to double the company’s value. Most Read from BloombergRobotaxis Are No Friend of Public TransportationBooming Cambridge Exposes England’s Widening Wealth GapOman Sees an Urban Future Distinct From Dubai and Abu DhabiArgentina Drug Trafficking Hotspot Sees Murders PlungeClimate Change Is Killing Buildings in Slow MotionThe

Bloomberg 2 months ago

PRX.AS

TCEHY
Is Prosus (PROSY) Stock Outpacing Its Retail-Wholesale Peers This Year?

Here is how Prosus N.V. Sponsored ADR (PROSY) and Itochu Corp. (ITOCY) have performed compared to their sector so far this year.

Zacks 2 months ago

PRX.AS

ITOCY
Prosus expects e-commerce profit to jump in 2025, more IPOs in India

Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to surge to $400 million this fiscal year and expects more of its Indian businesses to list following Swiggy's IPO, Chief Executive Fabricio Bloisi said on Monday. Prosus, majority-owned by South Africa's Naspers, is a major shareholder in Indian food delivery firm Swiggy, which is preparing for what could be one of India's biggest IPOs this year. Bloisi said that in April-September, the first half of its 2025 fiscal year, Prosus's global e-commerce business generated about three times the adjusted earnings before interest and taxes (EBIT) than it did in the whole of last year, reflecting on his 100 days at the helm of the Dutch-listed company.

Reuters 2 months ago

PRX.AS
Prosus to Boost E-Commerce Profit to $400 Million for 2025

(Bloomberg) -- Prosus NV’s new Chief Executive Officer Fabricio Bloisi said adjusted profit at the company’s e-commerce division is expected to surge more than 950% this fiscal year as the executive works to increase the South African business’s market value. Most Read from BloombergBooming Cambridge Exposes England’s Widening Wealth GapRobotaxis Are No Friend of Public TransportationOman Sees an Urban Future Distinct From Dubai and Abu DhabiClimate Change Is Killing Buildings in Slow MotionArge

Bloomberg 2 months ago

PRX.AS
Voluntary Announcement: Letter From Fabricio Bloisi, Chief Executive, Prosus, on His First 100 Days

AMSTERDAM, October 21, 2024--Prosus N.V. (Prosus) (AEX and JSE: PRX): A letter from Fabricio Bloisi, chief executive, Prosus, on his first 100 days can be found on the company’s website, www.prosus.com/news-insights/group-updates/2024/ceo-letter-100-days-update

Business Wire 2 months ago

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Performance Overview

Return	PROSF	AEX-Index
YTD	-9.26%	+4.87%
1-Year	+25.99%	+17.43%
3-Year	-58.66%	+16.68%

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Prosus N.V. (PROSF)

This Money Manager Likes Gold as a Hedge Against Disaster. How Nations’ Debts Put Markets at Risk.

Despegar.com Agrees to $1.7 Billion Prosus Buyout

Prosus to Buy Online Travel Agency Despegar for $1.7 Billion

Prosus to buy Latin American online travel agency Despegar.com for $1.7 billion

Prosus to Acquire Latin America’s Leading Online Travel Agency, Despegar, for US$1.7bn

Despegar.com Enters Into Merger Agreement to Be Acquired by Prosus for $19.50 Per Share in Cash

Prosus' (AMS:PRX) Problems Go Beyond Weak Profit

Prosus Swings to Profit in First Half After Asset Sales

Trending tickers: Tesla, BlackRock, Stellantis, Volkswagen and Unilever

Prosus nearly doubles profit in H1 on strong e-commerce, Tencent growth

Prosus Accelerates Growth, with 5X Improvement in Adjusted EBIT

Stocks to watch this week: Salesforce, Lululemon, Frasers Group, Berkeley and Foot Locker

Prosus looks to list Indian payments firm PayU in 2025

Prosus Gains $2 Billion on Swiggy Investment with IPO Value

Court Rejects Byju’s Settlement, Paving Way for Insolvency

Prosus to Push AI in E-Commerce as Part of Double Value Plan

Is Prosus (PROSY) Stock Outpacing Its Retail-Wholesale Peers This Year?

Prosus expects e-commerce profit to jump in 2025, more IPOs in India

Prosus to Boost E-Commerce Profit to $400 Million for 2025

Voluntary Announcement: Letter From Fabricio Bloisi, Chief Executive, Prosus, on His First 100 Days

Performance Overview