Legendary programming Q&A internet site Stack Overflow is remaining acquired by Prosus N.V., Europe’s most significant tech expense agency. In accordance to a press launch on Prosus’ web site, the two firms entered into a definitive acquisition arrangement yesterday.
In accordance to Amazon Alexa internet analytics, Stack Overflow is the 46th most heavily engaged web-site in the environment. Considering the fact that 2008, the website has served as the 1st prevent for developers hunting for answers to their programming-similar questions—and eventually, their non-programming-relevant issues, as the Stack Exchange network of web pages expanded into types like tradition, recreation, arts, science, business, and a lot more.
Prosus will very likely be significantly fewer common, specially to People in america, as the Amsterdam-stated expenditure agency has a a great deal decreased community profile. While dependent in Europe, Prosus invests internationally for illustration, it has the largest one stake in Chinese gaming and social media enterprise Tencent.
In 2001, Prosus’ mother or father organization Naspers bought a 46.5% curiosity in Tencent for only $34 million— but before this calendar year, Prosus liquidated a 2% Tencent stake for $14.6 billion, retaining a 28.9% desire valued at approximately $200 billion. Prosus chairman Koos Bekker mentioned the Tencent liquidation will “fund ongoing development in Prosus’ main small business lines and rising sectors” and make “some headroom for acquisitions.”
Stack Overflow co-founder Joel Spolsky blogged about the order, and Stack Overflow CEO Prasanth Chandrasekar wrote a extra official announcement. Both of those site posts characterize the acquisition as possessing tiny to no influence on the working day-to-day procedure of Stack Overflow.
“How you use our web page and our goods will not alter in the coming weeks or months, just as our company’s ambitions and strategic priorities stay the same,” Chandrasekar said.
Spolsky went into extra depth, expressing that Stack Overflow will “carry on to work independently, with the precise exact team in location that has been working it, according to the exact exact strategy and the exact exact same company techniques. Never assume to see significant modifications or uncomfortable ‘synergies’… the overall organization is staying in put: we just have various entrepreneurs now.”