Prosus NV said it struck a $1.8 billion deal to acquire Stack Overflow, an online community for software developers, in a bet on growing demand for online tech learning.
Based in New York, closely held Stack Overflow operates a question-and-answer website used by software developers and other types of workers such as financial professionals and marketers who increasingly need coding skills. It attracts more than 100 million visitors monthly, the company says.
Prosus, one of Europe’s most valuable tech companies, is best known as the largest shareholder in Chinese internet and videogaming giant Tencent Holdings Ltd.
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