Prosus, a subsidiary of Naspers, has made a significant move by acquiring Just Eat Takeaway.com for $4.3 billion in an all-cash deal. This acquisition, at $22.02 per share, represents a 49% premium to Just Eat’s recent stock price. The aim is to bolster Prosus’ position in the global food delivery industry.
The CEO of Prosus, Fabricio Bloisi, views this deal as a strategic step to expand growth beyond their initial investments. By combining Prosus’s capabilities with Just Eat Takeaway’s brand strength in key European markets, they aim to bring value to customers, partners, and shareholders.
If approved, this acquisition would establish the world’s fourth-largest food delivery group. Just Eat Takeaway operates in 17 countries and reported significant financial figures in 2024. The company’s merger with Takeaway.com in 2020 created a strong player in the industry.
Prosus has been active in the food delivery sector, owning various platforms globally. Despite previous attempts to acquire Just Eat, this recent deal marks a significant milestone in their expansion strategy.