Prosus’s $1.8 Billion Acquisition of Stack Overflow

On June 2, 2021, Prosus N.V. (“Prosus”), a global consumer internet group and one of the largest technology investors in the world, announced that it has entered into a definitive agreement to acquire Stack Overflow, a leading knowledge-sharing platform for the global community of developers and technologists, for $1.8 billion. Cravath represents Prosus in connection with the transaction.

The Cravath team is led by partner David Mercado and includes senior attorney Ralph B. Currey III and associates Shaylyn Harper and Ddang P. Kim on M&A matters; partner Margaret T. Segall and associate Hussein E. Elbakri on antitrust matters; partner Lauren Angelilli and associate Joana W. Li on tax matters; practice area attorney Sarah W. Colangelo and associate Dixing Tang on executive compensation and benefits matters; partner David J. Kappos and associate Pedraam Mirzanian on intellectual property matters; partner Matthew Morreale on environmental matters; practice area attorney Megan Y. Lew on compliance matters; and practice area attorney Laurel R. Berkowitz on real estate matters. Armin Hoss also worked on M&A matters.