Catenaa, Monday, February 24, 2025 – Amsterdam-listed investment group Prosus agreed to buy European food delivery giant Just Eat Takeaway.com for $ 4.3 billion to create the fourth-largest food delivery group globally, the food delivery group said on Monday.
London-based tech investment firm Prosus had reached a conditional agreement to acquire the food-delivery group for $ 21.34 a share in cash, which represents a 49% premium to the shares’ three-month volume weighted average price and a 22% premium to its three-month high.
Just Eats Takeaway.com said the transaction provides an opportunity to couple Prosus’ investment expertise, tech and AI capabilities and innovation mindset, with Just Eat Takeaway.com’s brand strength and solid fundamentals.
“We are excited for Just Eat Takeaway 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,” Prosus Chief Executive Officer Fabricio Bloisi said.
The offer was unanimously supported by Just Eat’s management board and supervisory Board. The deal is subject to regulatory approvals.
“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,” Just Eat Chief Executive Officer Jitse Groen said.
In 2019, Dutch giant Takeaway.com was bidding against Prosus to Just Eats, and in 2020 Takeaway.com acquired 80.4% for a $ 6.7 billion all-share offer.
