Prosus N.V. to acquire Just Eat Takeaway.com

AMSTERDAM: Prosus N.V. (AEX and JSE: PRX), a global technology company, announced today that it has reached a conditional agreement to acquire Just Eat Takeaway.com (AMS: TKWY). The acquisition aims to create the fourth largest food delivery group globally.

Prosus plans to acquire Just Eat Takeaway.com’s entire issued share capital for €20.30 per share through a recommended all-cash public offer on the Amsterdam exchange. This offer represents a 49% premium to the 3-month volume-weighted average price (VWAP) as of Feb. 21, 2025, and a 22% premium to Just Eat Takeaway.com’s highest share price over the last three months.

“We are excited for Just Eat Takeaway.com to join the Prosus Group and the opportunity to create a European tech champion,” said Fabricio Bloisi, CEO of Prosus. “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’s 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.”

Just Eat Takeaway.com CEO, Jitse Groen, added: “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.”

The acquisition of Just Eat Takeaway.com provides Prosus with a unique opportunity to extend its leadership in the European food delivery market, complementing its existing footprint outside of Europe. Just Eat Takeaway.com has strong connections with its customer base and has developed some of the most beloved food delivery brands in Europe, with successful operations in the United Kingdom, Germany, and the Netherlands.

Prosus, as a leading global food delivery investor and operator, has a proven track record of scaling e-commerce platforms. The company plans to invest in and accelerate growth at Just Eat Takeaway.com, unlocking value beyond its standalone potential. Prosus’s growth strategy, as seen in its success with iFood in Brazil, will guide the transformation of Just Eat Takeaway.com’s growth path, focusing on technology, product features, demand generation, offer quality, and service.

Prosus’s AI capabilities have revolutionized operations at iFood, enhancing the customer experience and support for drivers. Similar opportunities exist at Just Eat Takeaway.com to improve customer and driver experiences, boost service reliability, and optimize logistics.