Just Eat Takeaway acquired by Prosus
In a €4bn deal, Prosus has acquired Just Eat Takeaway
Just Eat Takeaway.com and Prosus have reached an agreement on an all-cash offer of €20.30 per share, valuing the company at €4.1 billion.
The acquisition of Just Eat Takeaway.com offers Prosus a strategic opportunity to establish a leading European food delivery powerhouse while bolstering its global presence in the sector.
With a solid foundation, market-leading positions in key profitable markets and significant growth potential, Just Eat Takeaway.com presents an attractive expansion prospect for Prosus.
Backed by Prosus’ investment and technological expertise, Just Eat Takeaway.com is poised to reinforce its brand, streamline operations, and accelerate growth beyond its standalone potential. Just Eat Takeaway.com will continue to be based in Amsterdam under its existing name and will maintain its key brands.
The cash offer of EUR 20.30 per share reflects a 63% premium over Just Eat Takeaway.com’s closing price on February 21, 2025, and a 49% premium on its three-month volume-weighted average price. The company’s management and supervisory boards have unanimously endorsed the offer.
Board members, including CEO Jitse Groen, have pledged to tender their shares — accounting for approximately 8.1% of total shares — once the offer is formally made and standard conditions are met. The acquisition will be fully financed using Prosus’ existing capital reserves.
'Exciting future'
Jitse Groen, CEO and founder of Just Eat Takeaway.com said: "Just Eat Takeaway.com is now a faster growing, more profitable and predominantly European-based business. Prosus fully supports our strategic plans and its extensive resources will help to further accelerate our investments and growth across food, groceries, fintech and other adjacencies. We are looking forward to an exciting future together."
Fabricio Bloisi, CEO of Prosus and Naspers group said: "We are very excited for Just Eat Takeaway.com to join the Prosus group and the opportunity to create a European tech champion. Prosus already has an extensive food delivery portfolio outside of Europe and a proven track record of profitable growth through investment in our customer and driver experiences, restaurant partnerships, and world-class logistics, powered by innovation and AI.
"We believe that combining Prosus' strong technical and investment capabilities with Just Eat Takeaway.com’s leading brand position in key European markets will create significant value for our customers, drivers, partners, and shareholders."
The deal remains subject to regulatory approvals and other customary conditions, with final settlement anticipated by the end of the year.
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