Alec Hogg: Prosus makes big move to silence critics

"Prosus $1.8bn acquisition of 100m-a-month-visitor edutech business Stack Overflow may quieten the shrill voices", says Alec Hogg.
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We live in a complex world where even the most knowledgable among us possess only a tiny slice of insight into the ocean of unknowns. The news flow this morning again exposes the danger of definitive views – and the investment into absolute positions.

  • Over the past month, the executive team at Prosus/Naspers has been criticised by money managers for an apparent inability to properly invest the bonanza from 2001's investment in Tencent. Last night's $1.8bn acquisition of 100m-a-month-visitor edutech business Stack Overflow may quieten the shrill voices. For context, the deal is the market cap equivalent of Barlows or Telkom. While the jury is out on Prosus's venture into the highly-competitive, loss-making food delivery sector, its expanding stake in edutech may turn out to have been inspired. Click here for the story.
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