Toby Sterling
Stories by Toby Sterling
Prosus to cut ties with Russian classifieds business Avito
Avito was one of Prosus's most valuable investments until Russia's invasion of Ukraine.
Tencent boosts Prosus profit, e-commerce trading loss widens
Prosus estimated the market value of the e-commerce businesses at around $49 billion.
Prosus acquires Indian payments company BillDesk for $4.7b
The acquisition brings Prosus's total investments in the Indian market to more than $10 billion.
Naspers offshoot Prosus reports earnings boost from stake in Tencent
Prosus NV reported a better than expected net profit of $7.45 billion for 2021.
Prosus to buy shares in parent Naspers as valuations lag Tencent stake
Naspers, which has a controlling stake in Prosus, hopes the deal will improve valuations for both companies.
Prosus to sell 2% stake in Chinese internet giant Tencent
The stake is worth about $15 billion at current prices.
Europe’s Just Eat Takeaway to buy US peer Grubhub for $7.3b
The deal, if completed, would create the world's largest food delivery company outside China.
Competition inquiry casts shadow over Takeaway’s Just Eat deal
The UK competition authorities will probe the deal that will create one of the world's largest meal delivery firms.
Naspers set to list global consumer internet assets empire Prosus
The stake in Tencent is now worth $130 billion and has buttressed Naspers' rapid growth towards becoming Africa's most valuable listed company.
Naspers’ tech carveout Prosus sees Q2 profit up 31% on Tencent holding
Prosus, which is to float on Amsterdam’s Euronext stock market on Sept. 11, holds Naspers’ 31.1% stake in Tencent, worth around $120 billion at cu
