Prosus to Acquire Stack Overflow for $1.8 Billion

A Major Deal in the Tech Industry

Prosus, a Dutch multinational technology and media company, has announced its intention to acquire Stack Overflow, a popular online platform for developers and programmers, for $1.8 billion.

This is a significant deal in the tech industry, as Stack Overflow is one of the most popular and well-respected online communities for developers. The platform hosts millions of questions and answers on a wide range of programming topics, and it is used by developers around the world to learn, share knowledge, and solve problems.

The acquisition is expected to close in the second half of 2023, subject to regulatory approvals. Once the deal is complete, Prosus will own and operate Stack Overflow, which will continue to be led by its current management team.

Prosus said in a statement that the acquisition will allow it to expand its reach into the developer community and provide new products and services to developers. Stack Overflow said in a statement that it is excited to join Prosus and that the acquisition will help it to continue to grow and serve its community.