PROSY Stock Recent News

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.

Fabricio Bloisi, CEO of Prosus, urges Europe to change its mindset over artificial intelligence investments which are slowed down by bureauocracy and regulations.

KKR & Co Inc's broad-based expansion and evolving earnings profile, driven by significant AUM growth and stable revenue streams, highlight its long-term potential despite economic headwinds. Amazon's relentless focus on customer satisfaction and strategic investments in logistics and AI infrastructure continue to drive sustainable cash flow growth and margin expansion. Alphabet's AI-driven innovations and Waymo's growing commercial viability reinforce its leadership in digital advertising and scalable cloud platforms, promising robust long-term growth.

Prosus N.V. stock trades at a significant discount to its NAV, which primarily consists of Tencent Holdings Limited shares. Tencent itself has underperformed recently, meaning that Prosus potentially offers a “double discount” opportunity for value investors. I don't think Prosus can eliminate its NAV discount any time soon, but moves such as the Despegar.com acquisition are incrementally small steps in the right direction.

Does Prosus N.V. Sponsored ADR (PROSY) have what it takes to be a top stock pick for momentum investors?

Prosus (PROSY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Here is how Prosus N.V. Sponsored ADR (PROSY) and Travelzoo (TZOO) have performed compared to their sector so far this year.