Prosus announced a $5 billion share buyback plan for the upcoming fiscal year on June 29, 2026. The technology investor is currently Tencent's largest shareholder.
The buyback aims to reduce the significant discount between the market value of Prosus and its underlying assets. Prosus will fund the repurchase program by selling Tencent shares in a gradual and orderly manner.
The announcement coincided with fiscal 2026 results showing strong growth in the company's e-commerce portfolio. Management plans to reinvest returns from the Tencent stake to enhance growth and shareholder value.