Prosus Slams Brakes on Investments

Prosus, the Dutch-listed tech investor, has cut its M&A spending by 90% this year as stark internal rate of return figures lay bare its dependence on Chinese internet giant Tencent.

The Dutch-listed tech investment firm has markedly reduced its merger and acquisition activity in 2024, spending only $162 million year-to-date compared to an annual average of $1.6 billion from 2010 to 2023.

This strategic shift is underscored by Prosus’s contrasting Internal Rate of Return figures. Including its stake in Chinese tech giant Tencent, Prosus reports an IRR of 36.6%. Excluding Tencent, this figure drops to 1.6%, according to an analysis by India Dispatch.