Prosus to invest $400m in Skillsoft.

Prosus, a global consumer internet group and one of the largest technology investors in the world, agreed to invest an additional $400m in Skillsoft, an American educational technology company, in connection with Churchill II's planned acquisition of Skillsoft and Global Knowledge Training, bringing Prosus's total investment in Churchill II in connection with the transaction to $500m. The decision by Prosus to make this substantial investment in Churchill II and make the Strategic Support Agreement effective will help further fund Skillsoft's already liquid capital structure, provide certainty to ensure consummation of the business combination and allow Skillsoft to execute on its business strategy and growth plan.