Companies/Netherlands • Curated by Admin Timeline.sg
Prosus N.V. is a global consumer internet group and one of the largest technology investors in the world, originating from Naspers. The timeline tracks its evolution from Naspers' early internet investments through its Amsterdam listing, major acquisitions, and expansion into food delivery, classifieds, and edtech.
Chronological Storyline (39 Milestones)
1996 CE
Naspers Invests in Tencent
Naspers, the South African media giant, invests $32 million in Tencent, acquiring a 46.5% stake. This investment becomes the foundation of Prosus's value. #tech #investment
Naspers Invests in Tencent By Unknown author - https://www.prosus.com/getattachment/Investors/Financials-Results-Centre/Interim-Results/2019/Naspers-Prosus-interim-results-call-presentation/Naspers-Prosus-1HFY20-results-call-presentation.pdf.aspx (PDF), Public domain, https://commons.wikimedia.org/w/index.php?curid=93967172
2001 CE
Naspers Internet Division Formation
Naspers establishes its internet division, initially focusing on China, Russia, and other emerging markets. #tech
2004 CE
Tencent IPO on HKEX
Tencent goes public on the Hong Kong Stock Exchange, with Naspers holding a 33% stake. This marks a major liquidity event for Naspers. #finance #IPO
Tencent IPO on HKEX By Charlie fong - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=115342476
2005 CE
Acquisition of Mail.ru Stake
Naspers acquires a 33% stake in Mail.ru (now VK), a leading Russian internet company. #acquisition #tech
Acquisition of Mail.ru Stake By VK - https://vk.com/brand, Public domain, https://commons.wikimedia.org/w/index.php?curid=110929904
2006 CE
Launch of OLX
Naspers launches OLX, a classifieds platform, initially in India. It becomes a global player in online classifieds. #tech #startup
Launch of OLX By Fred Romero from Paris, France - Amsterdam - Symphony Office Tower, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=62704185
2007 CE
Expansion into Eastern Europe
Naspers acquires stakes in Allegro (Poland) and other Eastern European e-commerce and classifieds businesses. #acquisition #ecommerce )
Expansion into Eastern Europe By Ralf Lotys (Sicherlich) - Own work, CC BY 4.0, https://commons.wikimedia.org/w/index.php?curid=42182103
2008 CE
Investment in Brazil's Movile
Naspers invests in Movile, a Brazilian mobile commerce and food delivery company, later leading to iFood. #investment #tech
2011 CE
Acquisition of Buscapé
Naspers acquires Buscapé, a Latin American e-commerce and price comparison platform. #acquisition #ecommerce
2012 CE
Investment in Delivery Hero
Naspers invests in Delivery Hero, a German online food delivery company, expanding its food delivery footprint. #investment #foodtech
2013 CE
Launch of PayU
Naspers forms PayU, a global online payments platform, by merging its payment businesses in emerging markets. #fintech
Launch of PayU By PayU - corporate.payu.com/brand-portal/, Public domain, https://commons.wikimedia.org/w/index.php?curid=94744100
2014 CE
Acquisition of ibibo Group
Naspers acquires ibibo Group, an Indian travel and e-commerce company, strengthening its presence in India. #acquisition #travel
Mar 11, 2015 CE
Naspers Increases Tencent Stake Maintained
Naspers sells a 2% stake in Tencent for $1.2 billion, its first sale of Tencent shares. It still holds ~33%. #finance #tencent
Naspers Increases Tencent Stake Maintained By Discott - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=99668365
Apr 1, 2016 CE
Acquisition of MakeMyTrip Stake
Naspers invests in MakeMyTrip, an Indian online travel agency, later increasing stake. #investment #travel
2016 CE
iFood Becomes Leading Food Delivery in Brazil
Movile's iFood becomes the leading food delivery platform in Brazil after a merger with competitors. #foodtech #brazil
iFood Becomes Leading Food Delivery in Brazil By iFood - https://logopng.com.br/logo/ifood-43, Public domain, https://commons.wikimedia.org/w/index.php?curid=104328308
Aug 1, 2017 CE
Acquisition of Stack Overflow
Naspers acquires Stack Overflow, a Q&A platform for developers, for $1.8 billion. #acquisition #tech
Acquisition of Stack Overflow By Iamstillqw3rty - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=185030689
Jul 13, 2018 CE
Prosus IPO on Euronext Amsterdam
Prosus N.V. is listed on Euronext Amsterdam, separating Naspers's international internet assets. It is the largest stock listing in Europe that year. #IPO #finance
Oct 1, 2018 CE
Acquisition of Letgo and Formation of OLX Group
Prosus acquires Letgo and merges it with OLX to create a global classifieds powerhouse. #acquisition #classifieds
Mar 27, 2019 CE
Swap of Shares Between Naspers and Prosus
Naspers swaps its Tencent shares with Prosus, making Prosus the direct holder of a 31% stake in Tencent. #corporate
Sep 11, 2019 CE
Prosus Acquires 96% of Delivery Hero
Prosus increases its stake in Delivery Hero to 96%, valuing the company at over €5 billion. #acquisition #foodtech
Jun 8, 2020 CE
Prosus Acquires 100% of iFood
Prosus fully acquires iFood, the leading food delivery platform in Latin America. #acquisition #foodtech
Aug 1, 2020 CE
Investment in Codecademy
Prosus leads a $40 million investment round in Codecademy, an online coding education platform. #edtech #investment
Apr 7, 2021 CE
Prosus Acquires 100% of Stack Overflow
Prosus completes the full acquisition of Stack Overflow, having previously owned a minority stake. #acquisition #tech
Jun 1, 2021 CE
Investment in BYJU's
Prosus invests $200 million in BYJU's, India's largest edtech company. #edtech #investment
Aug 1, 2021 CE
Prosus Acquires BillDesk
Prosus acquires Indian payments company BillDesk for $4.7 billion, strengthening PayU's position. #acquisition #fintech
Nov 1, 2021 CE
Sale of 2% Tencent Stake for $15 Billion
Prosus sells a 2% stake in Tencent, raising $15 billion to fund buybacks and investments. #finance #tencent
Jan 1, 2022 CE
Acquisition of GoodHabitz
Prosus acquires GoodHabitz, a European corporate online training provider, expanding edtech. #acquisition #edtech
Apr 1, 2022 CE
Divestment of Allegro Stake
Prosus sells its remaining stake in Allegro, the Polish e-commerce platform, for €1.4 billion. #divestment #ecommerce )
Jun 1, 2022 CE
Launch of $5 Billion Share Buyback Program
Prosus announces a $5 billion share buyback program to address the discount to net asset value. #finance #buyback
Aug 1, 2022 CE
Investment in Reddit
Prosus leads a $700 million funding round in Reddit, valuing the social network at $15 billion. #investment #socialmedia
Investment in Reddit By reddit, Inc. - http://old.reddit.com, Attribution, https://en.wikipedia.org/w/index.php?curid=81448924
Nov 1, 2022 CE
Prosus Sells 1.5% Tencent Stake
Prosus sells an additional 1.5% Tencent stake for $9.5 billion, continuing its unwinding. #finance #tencent
Mar 1, 2023 CE
Acquisition of PaySense
PayU acquires PaySense, an Indian digital lending platform, to expand fintech. #acquisition #fintech
Jun 1, 2023 CE
Prosus Lists in South Africa via Naspers Unbundling
Naspers unbundles its remaining interest in Prosus, creating a separate listing on the JSE. #corporate #listing
Sep 1, 2023 CE
Investment in EQS Group
Prosus invests in EQS Group, a German fintech providing financial disclosure services. #investment #fintech
Nov 1, 2023 CE
CEO Bob van Dijk Resigns
Bob van Dijk steps down as CEO of Prosus after leading the company since its creation. #leadership
Jan 1, 2024 CE
Fabricio Bloisi Appointed CEO
Fabricio Bloisi, former CEO of Movile and iFood, becomes the new CEO of Prosus. #leadership
Mar 1, 2024 CE
Sale of OLX's Southeast Asian Business
Prosus sells OLX's operations in Southeast Asia (Vietnam, Philippines, Indonesia) to Carousell. #divestment #classifieds
Jun 1, 2024 CE
Prosus Acquires 100% of iFood's Argentine Rival
Prosus fully acquires PedidosYa, iFood's main rival in Argentina and Uruguay. #acquisition #foodtech
Sep 1, 2024 CE
Launch of New Edtech Fund
Prosus creates a $100 million edtech fund to invest in early-stage education technology startups globally. #edtech #investment
Dec 1, 2024 CE
Prosus Holds Over 25% of Tencent
Despite multiple sales, Prosus still owns about 25% of Tencent, its most valuable asset. #tencent #finance
