Bloisi’s big cleanup
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Prosus CEO Fabricio Bloisi announced plans to sell over $2 billion in non-strategic assets this financial year, with even larger disposals planned for next year. The company is pausing major M&A activity to focus on operational fundamentals, while running a $5 billion annual share buyback program funded equally by Tencent stake proceeds and cash reserves. The strategy aims to narrow the discount between Prosus's share price and underlying asset value. Recent acquisitions including Despegar, Just Eat Takeaway, and La Centrale are showing early growth signs, while the company expects to deliver $7.3 billion in revenue and $1.1 billion in EBITDA for FY2026.
