Prosus, the Dutch technology investor and a part of the Naspers group, has announced a strategic move to acquire the European food delivery giant Just Eat Takeaway.com. The acquisition, valued at approximately 4.1 billion euros ($4.3 billion), will be an all-cash deal. The offer values Just Eat's shares at 20.3 euros each, representing a 63% premium compared to its closing share price last Friday. This acquisition is pending and subject to regulatory approvals, with expectations for completion in the near future.
Just Eat Takeaway.com, known for its strong presence in the European food delivery sector, is a leading company in the market. With this acquisition, Prosus aims to leverage its robust technical and investment capabilities to enhance its foothold in the food delivery industry. Fabricio Bloisi, CEO of Prosus and Naspers group, expressed confidence in the potential synergies between the two companies.
"We believe that combining Prosus' 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," – Fabricio Bloisi, CEO of Prosus and Naspers group.
Prosus is recognized as a significant player in the technology investment space. By acquiring Just Eat Takeaway.com, Prosus seeks to create a stronger presence in the European market, aiming to become a leader in the food delivery sector. The deal highlights Prosus' commitment to expanding its operations and reaching new heights in technology-driven industries.
The acquisition process will undergo standard regulatory scrutiny before it can be finalized. The deal is expected to close within the next few weeks or months, contingent on obtaining necessary approvals. This move aligns with Prosus' vision of establishing itself as a major force in the European tech scene.
"We are very excited for Just Eat Takeaway.com to join the Prosus group and the opportunity to create a European tech champion," – Fabricio Bloisi, CEO of Prosus and Naspers group.