Prosus NV, the global consumer internet investor, has agreed to acquire Just Eat Takeaway.com NV in an all-cash deal valued at €4.1 billion ($4.3 billion), marking its largest acquisition to date as part of its strategy to accelerate growth in the European market.
The deal, which values Just Eat Takeaway at €20.30 per share, represents a 49% premium over the three-month volume-weighted average price, significantly above the company’s closing price of €12.43 on Friday. This marks an aggressive push by Prosus, led by CEO Fabricio Bloisi, to strengthen its position in the global food delivery market and broaden its portfolio of digital businesses.
The acquisition is Prosus’s second major deal under Bloisi’s leadership since he took over as CEO in 2024. Bloisi, a Brazilian-born executive known for building Brazil’s iFood into the largest online food delivery company in the country, aims to drive faster growth for Prosus’s portfolio, particularly in Europe. Bloisi noted that the company has approximately $20 billion available for strategic investments and emphasised that acquiring Just Eat Takeaway would provide a solid foundation to expand their food delivery operations.
Just Eat Takeaway, based in Amsterdam, operates across 17 international markets, with a network of 61 million customers and over 356,000 local partners. The company, which was formed from the merger of Just Eat and Takeaway.com, has become one of the largest food delivery platforms globally. The deal underscores the growing competition in the online food delivery space, with major players seeking to strengthen their positions as the market continues to evolve.
Prosus’s parent company, Naspers Ltd., has long been known for its strategic investments in tech, particularly in China’s Tencent, where it holds a significant stake. The acquisition of Just Eat Takeaway aligns with Prosus’s broader strategy to invest in fast-growing sectors and expand its presence in the European market.
This acquisition signals Prosus’s ambition to become a dominant player in the food delivery industry and further diversify its portfolio of global digital assets. As the company moves forward with this deal, it will look to leverage Just Eat Takeaway’s established platform to boost its growth in an increasingly competitive sector.
