Search results for Prosus
AI & Enterprise
European AI firms warn slowing frontier AI would cement U.S. lead, push back on calls for brakes
Major European AI companies are pushing back against calls from leading U.S. labs to slow frontier AI development, saying it could hinder competition and cement a U.S. lead. They warn new evaluation rules and cooperation frameworks could raise costs for smaller European developers. The debate comes as Europe trails the United States and China in AI investment, computing infrastructure and top model performance, even as some European countries show higher generative AI use.
Transportation & Mobility
Uber to buy Delivery Hero for 22 trillion won, bringing Baemin under its wing
Uber will acquire Germany-based delivery platform Delivery Hero for about $14.8 billion, bringing Woowa Brothers, operator of Baedal Minjok, under Uber. Uber will pay 41.5 euros per share in cash through a tender offer, valuing the company at about $14.8 billion. Excluding Uber’s existing stake, the purchase is about $13.7 billion. The deal is expected to close in the second half of 2027 after regulatory reviews.
Games & Commerce
India ecommerce platform Meesho nears IPO, SoftBank to keep stake
Meesho, a major Indian ecommerce platform competing with Amazon and Walmart’s Flipkart, is preparing a 660 million dollar IPO. SoftBank, Prosus and Fidelity will keep their stakes, while founders and early investors plan partial share sales. Launched in 2015 as a social commerce service, Meesho expanded into a low-cost marketplace and has grown rapidly among price-sensitive consumers and small sellers. Last year it reported 234.2 million active buyers and 706,471 sellers.