Prosus, a Dutch investment firm, has announced that it has signed a definitive agreement to acquire Stack Overflow, a computer and programming knowledge community site, for approximately $1.8 billion.
The acquisition, which is subject to regulatory approval, is expected to close in the third quarter of 2021 (July through September).
Prosus to Acquire Stack Overflow for $1.8 Billion
Prosus' Acquisition of Stack Overflow. Our Exciting Next Chapter - Stack Overflow Blog
A little big announcement - Joel on Software
Founded in 2008, Stack Overflow is a platform for users to ask and answer questions, primarily about programming.
Stack Overflow is not just a question and answer site, but also a platform where users can vote for the best answers to their questions and
Stack Overflow is not just a question and answer site, it is a community-wide problem solving tool where users can vote for the best answer to a question and give community perks to that answerer.
Prosus says, "Over 85% of the learning community visits Stack Overflow every week, accessing over 52 million questions and answers." They state.
A new question is posted to Stack Overflow every 14 seconds, and since its inception, it has helped developers and engineers around the world more than 50 billion times.
Since its inception, Stack Overflow has helped developers and engineers around the world more than 50 billion times," said
Larry Ilg, CEO of Prosus, said, "We are excited to welcome Stack Overflow to the Prosus family as learning in the workplace becomes increasingly important.
Any learning usually starts with a question, and Stack Overflow's platform will be invaluable to developers around the world when they have questions about their work.
Prashant Chandrasekhar, CEO of Stack Overflow, said, "The acquisition of Prosus makes Stack Overflow an ideal investment focused on the future of learning and collaboration in the workplace.
We are now able to continue to operate as an independent company with our existing team. At the same time, we will have the support of a global technology competitor." He commented that Stack Overflow will remain the same in the way it operates.
Joel Spolsky, co-founder of Stack Overflow, said, "Stack Overflow's business will continue to focus on 'Evangelism and Connectivity' and 'Stack Overflow for Teams'. The company will not change at all. The company is exactly the same, but the ownership is different.
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