Just Eat Takeaway.com Acquired by Prosus in €4.1 Billion Deal

The all-cash acquisition positions Prosus as the fourth-largest food delivery company globally and aims to bolster its European operations.

Prosus, a Dutch technology investor owned by South Africa's Naspers, has agreed to purchase Just Eat Takeaway.com for €4.1 billion ($4.3 billion) in an all-cash deal.
The acquisition values Just Eat shares at €20.30 each, representing a 63% premium over its last closing price but only a fifth of its pandemic-era peak valuation.
Just Eat has faced challenges following the pandemic, including a failed U.S. expansion with Grubhub, which it sold for $650 million after acquiring it for $7.3 billion in 2021.
The deal, which is subject to regulatory approval, is expected to be finalized by the end of 2025, with Just Eat’s leadership and Amsterdam headquarters remaining intact.
Prosus plans to leverage its expertise in AI and food delivery, as demonstrated with its Brazilian platform iFood, to drive growth and efficiency at Just Eat Takeaway.com.