Prosus Taps SoftBank's Ervin Tu as Investment Chief
23 Giugno 2021 - 10:10AM
Dow Jones News
By Adria Calatayud
Prosus NV said Wednesday that it has appointed SoftBank Group
Corp.'s Ervin Tu to the newly-created role of chief of investments,
strategy and mergers and acquisitions for Prosus and parent Naspers
Ltd.
The Amsterdam-listed internet conglomerate, which holds a major
stake in Chinese tech giant Tencent Holdings Ltd., said Mr. Tu was
most recently a managing partner for the SoftBank Vision Fund and
previously worked at Goldman Sachs Group Inc. He will start in the
new role in August and will be based in San Francisco, Prosus
said.
Prosus earlier this week said it had a promising M&A
pipeline ahead, and that it saw investment opportunities across the
food delivery, payments-and-fintech, classifieds and
education-technology sectors.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 23, 2021 04:06 ET (08:06 GMT)
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