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.

Just Eat Takeaway.com NV

Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has agreed to sell its 33% holding in the Latin American joint venture iFood to Prosus NV for up to €1.8bn in cash.  The deal will give Prosus full control of iFood.

Just Eat to sell iFood stake to Prosus for up to €1.8bn

Prosus stock soared after announcing an open-ended buyback program to close the discount to NAV. The discount gap already narrowed from 61% to a 44% discount to NAV.

Prosus: Finally Unlocking Shareholder Value

Tencent Holdings Limited

Shares of TCEHY stock are down today on news that technology investor Prosus is trimming its stake in Tencent. The post Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake appeared first on InvestorPlace.

Tencent (TCEHY) Stock Is Under Pressure as Prosus Trims Its Stake

JD.com

Shares of holding company Prosus PRX, +14.74% surged 15% in Amsterdam trade after announcing a stock buyback program funded by the sale of Tencent 700, -1.56% shares and saying it sold its entire JD.com JD, +3.41% stake for $3.7 billion. Prosus and parent Naspers say that if the stock buyback plan had been in existence over the past three months, the resulting Tencent shares would averaged between 3% and 5% of average daily traded volumes.

Prosus shares rally on stock buyback plan, JD.com sale

Naspers Ltd

Dutch technology investor Prosus NV on Monday announced it will gradually sell down its massive stake in Tencent, reversing a pledge to retain the holding for a couple of years and knocking shares in the Chinese tech giant.

Tencent stock falls as Prosus/Naspers to sell shares to fund buybacks

Shares of Tencent Holdings Ltd gave up morning gains to fall as much as 2.5% to HK$374.60 in the early afternoon, after Prosus and Napsers said they would gradually sell shares.

Tencent falls 2.5% as Prosus, Napsers say to gradually sell shares

AMSTERDAM--(BUSINESS WIRE)--Prosus N.V. (AEX: PRX) announced strong revenue growth with profitability in core operations for the year ending 31 March 2022. Building on the prior year's standout performance, the Group's ecommerce portfolio delivered revenue growth of 51%1 to US$9.8bn. This growth resulted from strong operational execution and momentum in all ecommerce segments despite the turbulent environment. While the segments demonstrated core profitability, overall trading profit was lower

Prosus delivers strong revenue growth with profitable core operations; announces open-ended share repurchase programme

Coinbase

Coinbase has hired Arnab Kumar, former executive at Prosus Ventures, in the latest push to relaunch its eponymous cryptocurrency exchange in India. Kumar, who has previously also worked at influential think tank Niti Aayog and Deutsche Bank, is joining the exchange as director of India market expansion, a spokesperson said in an email.

Coinbase taps former Niti Aayog and Prosus exec for India expansion

Prosus has continued to underperform Tencent's stock, its largest holding. The discount to NAV has continued to increase at a magnificent pace.

Prosus: Huge Discount Implies No Buybacks

adidas AG

David Herro (Trades, Portfolio), manager of Harris Associates' Oakmark International Fund, disclosed his portfolio for the first quarter of 2022 earlier this week.

David Herro Buys Adidas and Siemens, Adds to Prosus Stake

Prosus, the Dutch-based technology investor, said on Friday it would seek a buyer for its Russian online marketplace Avito.

Prosus to sell Russian online marketplace Avito, formerly worth $6 billion

Prosus is a smart way to buy Tencent. This holding company is severely undervalued compared to NAV, although there might be some reasons to justify it.

Prosus: Deep Discount On NAV Cannot Be Ignored

European shares rose on Friday as strong earnings reports and a rally in mining and technology stocks boosted risk appetite at the end of a volatile month dominated by concerns about slowing global growth.

Earnings, Prosus lift European stocks at end of choppy April

Amsterdam-based Prosus NV, the owner of Russian online marketplace Avito, said on Tuesday it has taken steps to remove "a small number" of advertisements for jobs in the Russian military that had made it onto Avito's listings.

Prosus removes military job adverts on Russian online marketplace

Prosus is a holding that is investing in high-growth markets like online food delivery, fintech, and classifieds. If the company is successful in bringing groceries to clients, the target market will most likely significantly increase.

Prosus: New Artificial Intelligence Capabilities And Cheap

AMSTERDAM--(BUSINESS WIRE)--On 11 and 12 January 2022, Prosus (Euronext Amsterdam: PRX; JSE: PRX) respectively priced USD and EUR notes in an aggregate principal amount totaling US$5.25 billion equivalent under its Global Medium-Term Note Programme. These issuances consist of US$1 billion 3.257% notes due 2027, US$1 billion 4.193% notes due 2032, US$1.25 billion 4.987% notes due 2052, €500 million 1.207% notes due 2026, €600 million 2.085% notes due 2030, and €650 million 2.778% notes due 2034

Prosus Prices New 5-Year, 10-Year and 30-Year Tranches USD Bonds and 4-Year, 8-Year and 12-Year Tranches EUR Bonds

The chief executive of Prosus NV, Bob van Dijk, has purchased about $10 million of the company's shares on the open market, the company said on Friday in a statement.

Prosus CEO buys around $10 million of company's shares on open market - statement

Super Micro Computer

T-Mobile US

Are there any "cheap" technology stocks? You bet there are, especially after the past brutal month.

3 Top Bargain Stocks Ready For a Bull Run

Vipshop Hlds

Worldline SA/France

David Herro (Trades, Portfolio), co-manager of the Oakmark International Fund, disclosed this week that his fund's top five trades during the third quarter included new positions in Prosus NV ( XAMS:PRX , Financial), Worldline SA ( XPAR:WLN , Financial) and Vipshop Holdings Ltd. ( VIPS , Financial) and reductions to its holdings in Naspers Ltd.

David Herro's Top 5 Trades in the 3rd Quarter

Prosus N.V. (PROSY) CEO Bob van Dijk on Q3 2021 Results - Earnings Call Transcript

Prosus NV reported on Monday that trading profit rose 8% to $2.9 billion for the first half of its fiscal year 2022 as its portfolio of investments in educational technology and food delivery companies grew revenues rapidly.

Prosus says H1 fiscal 2022 trading profit rose 8%

Grayscale Ethereum Trust

Grayscale Bitcoin Trust

Are OTC stock on your list right now? The post Top 4 Most Active OTC Stocks Today & No, They Aren't Penny Stocks appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Top 4 Most Active OTC Stocks Today & No, They Aren't Penny Stocks

Technology investor Prosus NV expects a large rise in earnings per share for the first half of its 2022 fiscal year, the firm said on Tuesday, as it gained proceeds of $12.3 billion from selling part of its stake in Tencent in April.

Prosus sees H1 earnings per share up 400% on Tencent stake sale

Alibaba

Baidu

SPDR S&P 500 ETF Trust

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.

Steven Romick Sends Alibaba, Baidu Positions to Hong Kong in 3rd Quarter

This investment company is buying back its shares at a big discount while also holding stocks that do the same... and it's not Berkshire Hathaway.

News for Prosus NV Stock (PROSY)