Stack Overflow, the leading knowledge-sharing community for developers and technologists, is being acquired by Prosus, an internet holding company and investment firm, in a transaction that values the company at $1.8BM. “We are excited to be joining the Prosus family, which catapults us into a new phase of growth and allows us to expand and accelerate Stack Overflow’s impact around the world,” remarked Prashanth Chandrasekar, Stack CEO. “Prosus expertise growing and nurturing communities, especially in a global context, will make our public platform even more invaluable in helping developers and technologists learn and grow. Given Prosus’ focus on the future of the workplace, their partnership will allow our market-leading SaaS collaboration product, Stack Overflow for Teams, to reach thousands more global enterprises, allowing them to accelerate product innovation and increase productivity by unlocking institutional knowledge.”
We are excited to be joining the Prosus family, which catapults us into a new phase of growth and allows us to expand and accelerate Stack Overflow’s impact around the world. Prosus’s expertise growing and nurturing communities, especially in a global context, will make our public platform even more invaluable in helping developers and technologists learn and grow. Given Prosus’s focus on the future of the workplace, their partnership will allow our market-leading SaaS collaboration product, Stack Overflow for Teams, to reach thousands more global enterprises, allowing them to accelerate product innovation and increase productivity by unlocking institutional knowledge. – Prashanth Chandrasekar
Founded in 2008 by Jeff Atwood and Joel Spolsky, Stack Overflow has raised a total of $153M in total equity funding. Investors in the company include Stack Overflow, Prosus, SV Angel, Andreessen Horowitz, Index Ventures, Spark Capital, Founder Collective, Union Square Ventures, GIC, GIC, Naval Ravikant, Bezos Expeditions, Joshua Schachter, Dharmesh Shah, Bob Pasker, Chris Dixon, Caterina Fake, Silver Lake Waterman, Nirav Tolia, Times Bridge, and Micah Siegel. Stack Overflow receives more than 100M monthly visitors, making it one of the 50 most visited websites. The transaction is expected to close in Q3.
“We are delighted to be welcoming Stack Overflow to the Prosus family as we increasingly focus on the future of workplace learning, remarked Larry Illg, CEO of EdTech at Prosus. “Learning of any kind typically begins with a question and their platform is critically important for global developers when they have questions about their work. There is an opportunity to connect more deeply with their community through our other education platforms to further fulfill their learning needs.”
We are delighted to be welcoming Stack Overflow to the Prosus family as we increasingly focus on the future of workplace learning. Learning of any kind typically begins with a question and their platform is critically important for global developers when they have questions about their work. There is an opportunity to connect more deeply with their community through our other education platforms to further fulfill their learning needs. – Larry Illg
Publicly traded on the Euronext Amsterdam exchange and operating in ninety countries, Prosus primarily focuses on seven verticals that include Classifieds, Payments & Fintech, EdTech, Food delivery, Etail, Ventures and Travel with interests in companies like Autotrader, Codecademy, Delivery Hero, Letgo, Tencent, ifood, Mail.ru, Remitly, Skillsoft, udemy, Trip, and SimilarWeb. Prosus currently traded at a £139.43B ($169) market cap.
