Dutch investment firm buys Stack Overflow for $1.8 billion – IT Pro – News

Dutch investment firm Prosus has bought Stack Overflow. Both companies have announced this. The deal is worth a total of $1.8 billion. According to a founder of Stack Overflow, nothing else changes.

According to one of the co-founders of Stack Overflow, it’s about a change of ownership. “Stack Overflow will continue to operate completely independently. Don’t expect any uncomfortable synergies or other major changes,” he says on his own blog.

Stack Overflow was already in the hands of investors, namely the investors who put money into the company early on. That includes companies like Union Square Ventures, Index Ventures, Andreessen Horowitz, and an investment firm owned by Amazon founder Jeff Bezos.

The new owner, Prosus, is a subsidiary of the South African Nasper. It had a stake in Chinese Tencent, but recently sold it for nearly $15 billion. That has freed up the money for acquisitions like this one. Prosus wants to help Stack Overflow grow, that’s what the company says. In addition to the consumer site, which makes money from advertising, the developer site already has Stack Overflow for Teams, which businesses can use for a fee.

–