PROSY Stock Recent News

SANTA MONICA, Calif.--(BUSINESS WIRE)--Rain, the employer-integrated earned wage access (EWA) and financial wellness app, announced today it has raised $75 million in Series B equity funding. The round was led by Prosus with additional participation from Nextalia Ventures, Spark Growth Ventures, and existing investors including QED, Invus Opportunities, and others. Following consistently high growth since its founding in 2019, this funding will help Rain scale its go-to-market machine and build.

BDL Capital Management said in a report on Tuesday that the price Prosus offered for Just Eat Takeaway.com was unfair to minority shareholders.

Prosus (PROSY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Just Eat Takeaway.com NV has seen its ‘buy' rating removed by Deutsche Bank analysts after surging upon agreeing to a €4.1 billion (£3.4 billion) takeover by Prosus. Dubbing the acquisition a “compelling strategic fit,” Deutsche lifted Just Eat's share price target from €16.00 to €20.30 to reflect Prosus' offer and moved it to a ‘hold' rating.

Food delivery platform Just Eat Takeaway was sold to tech investor Prosus. The deal, worth 4.1 billion euros (about $4.3 billion), will make Netherlands-based Just Eat Takeaway a private company, according to a Monday (Feb. 24) press release.

Just Eat Takeaway.com NV has agreed to be taken private through a €4.1 billion (£3.4 billion) takeover by investment firm Prosus. Amsterdam-based Prosus had offered €20.30 per share, reflecting a 22% premium to the food delivery firm's latest three-month high, it said on Monday.

Dutch technology investor Prosus said on Monday it intends to buy Just Eat Takewaway.com's entire issued share capital for 4.1 billion euros ($4.31 billion) in an all-cash public offer on the Amsterdam exchange.

European food delivery giant Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in a deal worth roughly 4.1 billion euros ($4.3 billion).

Tencent's WeChat is a central hub in China, driving multiple revenue streams and offering a significant moat that Western tech giants envy. I prefer investing in Tencent through Prosus, which offers a discounted entry and benefits from Dutch tax laws and strategic buybacks. Prosus' double-buyback strategy enhances value creation by selling Tencent shares to repurchase its own undervalued shares, creating a compelling investment opportunity.

Prosus CEO Fabricio Bloisi says the tech investor has $20 billion in cash to invest and plans to focus on opportunities in Europe, India, Latin America and Africa. Speaking on Bloomberg Television at the World Economic Forum's annual meeting in Davos, Switzerland, he also says the US approach to artificial intelligence is a "great wakeup call" for Europe.