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Prosus to take over Just Eat Takeaway.com in €4.1 billion cash deal

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Prosus to take over Just Eat Takeaway.com in €4.1 billion cash deal

Modupeoluwa Olalere by Modupeoluwa Olalere
February 25, 2025
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Prosus to take over Just Eat Takeaway.com in €4.1 billion cash deal

Prosus to take over Just Eat Takeaway.com in €4.1 billion cash deal

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On Monday, Prosus, a global technology investment company, announced its intention to acquire Just Eat Takeaway.com, a leading European food delivery platform, in an all-cash deal valued at €4.1 billion. 

This acquisition marks one of the largest in Dutch tech history and positions Prosus as the fourth-largest food delivery entity globally.

Read also: Jumia reports slight decline in loss for 2024, shrinking from $99.3 million to $99.1 million

Prosus’s bid shakes up Just Eat Takeaway.com market

Prosus is offering €20.30 per share, representing a 49 percent premium to Just Eat Takeaway.com’s three-month volume-weighted average price and a 22 percent premium to its recent three-month high. 

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Just Eat Takeaway.com’s Management Board and Supervisory Board unanimously support the offer. 

Fabricio Bloisi, Prosus’s CEO, says, “We are 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.”

Just Eat Takeaway.com operates in 17 countries, with a strong presence in the UK, Germany, and the Netherlands. 

Despite challenges, including a costly misstep with the acquisition and subsequent sale of Grubhub, the company has refocused on European markets. 

Jitse Groen, CEO of Just Eat Takeaway.com, noted, “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.”

Read also: WigWag rebrands as Stitch Express for enhanced e-commerce

Acquisition boosts Prosus’s food delivery business

The acquisition is expected to enhance Prosus’s global food delivery industry position. Prosus already owns iFood, Latin America’s largest food delivery platform, holds a 28 percent stake in Delivery Hero, and invests in Swiggy and Meituan. 

This deal will allow Prosus to leverage its technical capabilities and investment experience to drive growth and innovation at Just Eat Takeaway.com. 

The transaction is subject to regulatory approvals and is anticipated to be finalised by the end of the year. Following the announcement, Just Eat Takeaway.com’s shares surged by over 53 per cent on the Amsterdam Stock Exchange.

Tags: E-commerceEuropeJust Eat Takeaway.comProsus
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

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