Stack Overflow Sold For $1.8B

Stack Overflow is one of the most valuable repositories of technical knowledge on the web today and now we know the exact value of that knowledge, $1.8B! Stack Overflow was just acquired by Prosus, a large technology investor that already owns such brands as Udemy, CodeAcademy and AutoTrader.

Details of the acquisition from the Stack Overflow blog:

As you may have seen in the news this morning, Prosus (PROSY) has announced its intention to acquire Stack Overflow for 1.8 billion dollars. This is tremendously exciting news for our employees, our customers, our community members, and for our shareholders, and I will share a bit more about what it all means in this post.

Prosus is one of the world’s leading technology investors with stakes in companies such as Tencent, Brainly, BYJU’s, Codecademy, OLX, PayU, Remitly and Udemy.  Their massive scale and reach improves the lives of around a fifth of the world’s population. Prosus’s mission is to build leading companies that empower and enrich communities, as demonstrated by the many community-focused and EdTech companies they work with. This makes Prosus the perfect company to acquire Stack Overflow, and Stack Overflow the ideal investment in their focus on the future of workplace learning and collaboration. It allows us to continue to operate as an independent company with our current team and with the backing of a global technology powerhouse. 

Once this acquisition is complete, we will have more resources and support to grow our public platform and paid products, and we can accelerate our global impact tremendously. This might look like more rapid and robust international expansion, M&A opportunities, and deeper partnerships both on Stack Overflow and within Stack Overflow for Teams. Our intention is for our public platform to be an invaluable resource for developers and technologists everywhere and for our SaaS collaboration and knowledge management platform, Stack Overflow for Teams, to reach thousands more global enterprises, allowing them to accelerate product innovation and increase productivity by unlocking institutional knowledge.

You can learn more about Stack Overflow, the acquisition and Prosus in the video below.

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