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PROSUS NV INVESTMENT
PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...- Uber said to study full takeover of European rival Delivery HeroThe ride-hailing giant this week disclosed it had boosted its stake in Frankfurt-listed Delivery Hero. It’s working with advisers to study ...
- Prosus doubles stake in Urban Company ahead of $1.8 billion IPOProsus NV, buoyed by its Tencent success, has significantly increased its stake in Urban Company to 7.35%, becoming a major shareholder ahe...
- Prosus doubles stake in Urban Company ahead of $1.8 billion IPOProsus NV, fueled by its Tencent success, has significantly increased its stake in Urban Co. to 7.35% ahead of its IPO, investing $139 mill...
- Prosus gains $2 billion on Swiggy investment with IPO valuationProsus NV, Tencent's top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond T...
- Investor that had a 3,700% return on Tencent sets sights on IndiaFabricio Bloisi, new CEO of Naspers and Prosus, aims to double the company's value in four years by focusing on strong team culture and inn...
- Prosus to boost ecommerce profit to $400 million for 2025 year“In fiscal year 2024, the group improved its ecommerce adjusted EBIT by more than $400 million, and our intent is to keep that pace up this...
- Naspers gets CCI's clearance to buy minority stake in Vastu Housing Finance CorpThe Competition Commission of India has approved Naspers Ventures' acquisition of a minority stake in Vastu Housing Finance Corporation Ltd...
- Prosus reports $2 billion in core earnings, sees ecommerce profitability earlierCore headline earnings for the six months ended September 30 were $2 billion, from $1.1 billion in the same period a year earlier, in line ...
- Dutch tech investor Prosus to end cross-holding with parent NaspersThe cross-holding had been set up in 2021 via a share swap deal under which Prosus issued new shares to buy a 45.4% stake in Naspers, effec...
- Prosus to explore divestments from fintech arm PayUProsus NV is exploring potential divestments from its emerging-markets financial technology company PayU, according to people familiar with...
- Tencent shares slump as Prosus seen to step up sellingThe internet company’s shares dropped 5.2% to HK$357.2 in Hong Kong, the most since late January, after news that Prosus planned to deposit...
- PayU calls off $4.7 bn acquisition of BillDeskProsus, the global investment arm of South African multinational Nasper, had on August 31 last year announced acquisition of BillDesk in an...
- Legendary China bets unwind as Warren Buffett, SoftBank, Naspers sellBig-name investors who’ve made billions from Tencent Holdings, Alibaba Group Holding, and BYD Co., are taking money off the table.
- Prosus reports strong growth in India; ASCI flags over 400 crypto ads in five monthsLast year, Prosus NV invested more than $1.03 billion in various Indian startups, including Swiggy, Byju’s, Eruditus and Meesho. Now, the D...
- Prosus plans to raise stake in parent Naspers to 50% in share swap dealThe Prosus-Naspers share swap deal will move part of their shareholding in China's Tencent Holdings to Amsterdam in The Netherlands from Jo...
- Prosus to sell 2% stake in Tencent worth $15 billionProsus, majority-owned by Naspers of South Africa, said the sale would lower its stake in Tencent to 28.9% from 30.9%.
- Naspers banks on ecommerce boom post pandemic for growthNaspers benefited during the lockdown as more people shifted online for shopping, food, making payments, or learning.
- Swiggy raises additional $43 mn as part of ongoing funding roundAlong with existing investor Tencent, new investors Ark Impact, Korea Investment Partners, Samsung Ventures and Mirae Asset Capital Markets...
- Naspers to bet on machine learningNaspers has taken stakes in myriad businesses around the world to try and replicate its success with Tencent, which it backed as a startup ...
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