South African Tech Giant Prosus Sells Delivery Hero Stake to Uber
Prosus, a major technology investment company owned by the South African group Naspers, has announced a significant business deal. The company has sold its remaining stake in the German food delivery firm, Delivery Hero, to the global transportation giant, Uber.
This transaction is valued at approximately R39 billion. Prosus has been gradually reducing its investment in Delivery Hero over the past few years as part of a strategy to focus on other areas of its international technology portfolio.
For South African investors, this move is notable because of the scale of the capital involved. Naspers and its subsidiary, Prosus, remain some of the most influential companies on the Johannesburg Stock Exchange (JSE). Their investment decisions often have a direct impact on the local market and the performance of South African investment funds.
Uber’s purchase of these shares allows the company to strengthen its position in the global food delivery market. By acquiring this stake, Uber continues to expand its reach beyond traditional ride-hailing services into the competitive sector of online food and grocery delivery.
Market analysts are watching the situation closely to see how Prosus will use the newly raised capital. The company has stated that it intends to use the funds to support its ongoing operations and potentially invest in new technology opportunities around the world.