Inside Stack Overflow’s $1.8B deal with Prosus

Good morning!

Leading knowledge-sharing SaaS platform Stack Overflow recently entered into an agreement to be acquired by global consumer internet group and tech investor Prosus for approximately $1.8 billion.

"Prosus’s expertise growing and nurturing communities, especially in a global context, will make our public platform even more invaluable in helping developers and technologists learn and grow,” Prashanth Chandrasekar, CEO of Stack Overflow, tells YourStory.

As part of the deal, Stack Overflow will expand and accelerate its impact across the globe to empower the developers and technologists community, and grow the reach of its SaaS collaboration product Stack Overflow for Teams.

Founded in 2008 by Jeff Atwood and Joel Spolsky, Stack Overflow provides a public platform for developers and technologists to learn, share knowledge, get answers to their coding questions, and be a part of the community. 

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Before you go, stay inspired with… 

“Everybody knows about Stack Overflow because the information is free and accessible for every part of the process where they might have issues. About 85 percent of the world’s developers go to Stack Overflow on a weekly basis.”

— Prashanth Chandrasekaran, CEO, Stack Overflow

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