Prosus NV

Prosus NV engages in the provision of different technology platforms. It operates through the following segments: Ecommerce, Social and Internet Platforms, and Corporate. The Ecommerce segment operates internet platforms to provide various services and products, and includes classifieds, payments and fintech, food delivery, etail, travel, and other ecommerce. The Social and Internet Platforms segment holds listed investments in social and internet platforms through Tencent and Mail.ru. The Corporate segment comprises entities which provide various corporate functions and activities. The company was founded on April 3, 1997 and is headquartered in Amsterdam, the Netherlands.

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Steven Romick (Trades, Portfolio), manager of the FPA Crescent Fund, disclosed this week that his fund's top trades during the third quarter included the exchanging of its Alibaba Group Holding Ltd. ( BABA , Financial) and Baidu Inc. ( BIDU , Financial) holdings to Hong Kong-based shares ( HKSE:09988 , Financial)( HKSE:09888 , Financial), a short position in the SPDR S&P 500 ETF Trust ( SPY , Financial), a position boost in Prosus NV ( XAMS:PRX , Financial) and reductions to its holdings in Naspers Ltd.

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European stocks advanced on Tuesday, as they look to record a seventh straight month of gains.

Europe Markets: European stocks on track for seventh month of gains; Arkema, Prosus rise after deals

AMSTERDAM, the Netherlands--(BUSINESS WIRE)--Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) shareholders are referred to the prospectus published by Prosus on Monday 12 July 2021 (Prospectus) in respect of the voluntary share exchange offer by Prosus to Naspers N Shareholders (Exchange Offer). Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the same meanings ascribed thereto in the Prospectus. THE IMPLEMENTATION OF THE CAPITAL RESTRUCT

Prosus N.V.: The Implementation of the Capital Restructure and the Results of the Exchange Offer

Prosus is one of the largest technology investors in the world.

Prosus: This Discount Is Irrational

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) (the “Offeror”) announces today the final results of the tender offer that the Offeror commenced on July 6, 2021, for any and all of the U.S.$1,200,000,000 5.500% Notes due 2025 and the U.S.$1,000,000,000 4.850% Notes due 2027 (the “Securities”), each issued by the Offeror and guaranteed by Naspers Limited, a company incorporated under the laws of South Africa, for cash (the “Offer”). The terms and conditions o

Prosus N.V. Announces Final Results of Cash Tender Offer for Any and All of Its 5.500% Notes Due 2025 and Its 4.850% Notes Due 2027

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) (the “Offeror”) announces today the results of the tender offer that the Offeror commenced on July 6, 2021, for any and all of the U.S.$1,200,000,000 5.500% Notes due 2025 and the U.S.$1,000,000,000 4.850% Notes due 2027 (the “Securities”), each issued by the Offeror and guaranteed by Naspers Limited, a company incorporated under the laws of South Africa, for cash (the “Offer”). The terms and conditions of the

Prosus N.V. Announces Results of Cash Tender Offer for Any and All of Its 5.500% Notes Due 2025 and Its 4.850% Notes Due 2027

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (the “Offeror”) (Euronext Amsterdam: PRX; JSE: PRX) announces today an offer to purchase any and all of its outstanding U.S.$1,200,000,000 5.500% Notes due 2025 and its outstanding U.S.$1,000,000,000 4.850% Notes due 2027 (the “Securities”), each issued by the Offeror and guaranteed by Naspers Limited, a company incorporated under the laws of South Africa, for cash (the “Offer”). The terms and conditions of the Offer are described in an offer to purchase

Prosus N.V. Announces Cash Tender Offer for Any and All of Its 5.500% Notes Due 2025 and Its 4.850% Notes Due 2027

Management for this international tech conglomerate believes it should.

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Prosus N.V. (PROSY) CEO Bob van Dijk on Q4 2021 Results - Earnings Call Transcript

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The complex share swap with Naspers is the latest in a series of attempts to unlock value of this heavily discounted stock.

Prosus Makes Another Huge Move to Close Its Discount to Tencent

In the second-largest block trade ever, Prosus sells almost $15 billion of its massive Tencent stake. What will it do with the cash?

Prosus Makes Its Big Move With Tencent Sale: 4 Things It Can Do With Its Billions

Prosus is one of the biggest companies in Europe. The company is trading at a huge discount to NAV.

Prosus Trading At A Huge Discount To NAV

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Prosus N.V. (PROSY) CEO Bob van Dijk on Q1 2021 Results - Earnings Call Transcript

Prosus NV (AMS: PRX) reported a 29% annualised growth in its H1 earnings on Monday to £1.65 billion. The company attributed the increase primarily to significant returns from its investment in China's Tencent, that helped offset losses from its other businesses.

Prosus NV first-half earnings jump 29% in the fiscal first half

AMSTERDAM--(BUSINESS WIRE)--On 30 October 2020, Prosus announced its intention to implement an on-market: Prosus ordinary share N repurchase programme of up to US$1.37 billion from its free-float shareholders (the Share Repurchase); and Naspers Limited (Naspers) N ordinary share purchase programme of up to US$3.63 billion (the Share Purchase, together with the Share Repurchase, the Transaction). Prosus today announces the launch of the Transaction. The board of directors of Prosus (the Prosus B

Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) Today Announced the Launch of Share Repurchase and Share Purchase

AMSTERDAM--(BUSINESS WIRE)--The group recovered well from a tough first quarter to accelerate revenue growth, improve profitability and cash-flow generation. Strong performance in uncertain times: Revenues increased 32% to US$12.7bn (HY20: US$9.9bn), with strong growth across food delivery, etail and education. 141% revenue growth in food delivery 70% revenue growth in etail 54% revenue growth in edtech Trading profit grew by 43% to US$2.7bn (HY20: US$1.9bn). Core headline earnings increased 29

Prosus N.V. (Prosus) (Euronext Amsterdam: PRX; JSE: PRX) Today Announced Strong Results for the Six Months Ended 30 September 2020

Prosus Finally Admits the Obvious; Will Buy Back Shares at Half Price

Prosus is a Dutch holding company that was spun off from the South African Naspers a year ago. The main asset is a 31% stake in Tencent.

Prosus: A Vehicle To Invest In Tencent, Trading At A Wide Discount

FY20 results highlight outperformance across the portfolio as Prosus emerges as a net beneficiary from COVID-19

Prosus: Growth At A Reasonable Price

Prosus provides exposure to global venture deals, given its investment business. Its 18-year 37% IRR is exceptional.

Prosus: Exposure To Global Venture Opportunities

Prosus N.V. (PROSY) CEO Bob van Dijk on Q4 2020 Results - Earnings Call Transcript

News for Prosus NV Stock (PROSY)