Prosus' $4.3 Billion All-Cash Offer for Just Eat Takeaway: A Strategic Move in European Food Delivery

Prosus N.V., the global technology company, has made a recommended all-cash offer of EUR 20.30 per share to acquire 100% of Just Eat Takeaway.com, valuing the company at approximately EUR 4.1 billion. This acquisition signifies a major move in the European food delivery sector, as Prosus aims to establish a dominant European food delivery presence by acquiring Just Eat Takeaway.com, complementing its existing food delivery footprint outside of Europe.

Just Eat Takeaway.com is recognized for its strong market positions in key European markets, particularly in the UK, Germany, and the Netherlands. Prosus intends to leverage these strengths and the company's established brand recognition for further growth. The acquisition will complement Prosus' existing food delivery operations outside of Europe and allow it to significantly expand in a high-growth market.

Prosus will provide Just Eat Takeaway.com with significant financial resources, technological expertise, and AI capabilities. This support is expected to accelerate the company's growth, enhance its operations, and improve customer and driver experiences. Prosus' highly effective growth strategy at iFood, in Brazil, provides a ready guide to transform Just Eat Takeaway.com's growth path through renewed focus across tech, product features, demand generation, offer quality, and service.

The offer of EUR 20.30 per share represents a substantial premium, 63% above the closing share price on February 21, 2025, and 49% above the 3-month volume-weighted average price (VWAP). This highlights the attractiveness of the deal to Just Eat Takeaway.com shareholders. The management and supervisory boards of Just Eat Takeaway.com have unanimously recommended the offer, with key board members, including CEO Jitse Groen, committing to tender their shares, representing approximately 8.1% of the company's shares.

Prosus will fund the acquisition entirely through its available cash reserves. The transaction is subject to customary conditions, including regulatory approvals, and is expected to be finalized by the end of 2025.

The acquisition of Just Eat Takeaway.com aligns with Prosus' broader investment strategy, focusing on high-growth markets, leveraging technology, and strengthening market positions. For future investments, Prosus might consider expanding its presence in emerging markets, such as Southeast Asia or Africa, or exploring opportunities in technology, e-commerce, fintech, or healthcare and education technology (edtech).



In conclusion, Prosus' acquisition of Just Eat Takeaway.com is a strategic move that will strengthen its position in the European food delivery sector. By leveraging Just Eat Takeaway.com's strong market positions and brand recognition, Prosus aims to create a dominant European food delivery presence and drive long-term growth and profitability. This acquisition aligns with Prosus' broader investment strategy and sets the stage for future growth opportunities in high-growth markets and emerging sectors.