Prosus, a tech investment firm, has revealed plans to acquire Just Eat Takeaway, known for its Thuisbezorgd service, for €4.1 billion. The iconic orange delivery boxes will remain unchanged, and Just Eat’s headquarters will stay in Amsterdam, maintaining brand continuity.
Originally from South Africa, Prosus aims to expand its presence in Europe through this acquisition. The company sees growth potential in various sectors, including food delivery, groceries, fintech, and other services.
Prosus has offered €20.30 per share for Just Eat, a significant 63 percent premium over the company’s closing share price on Friday. The deal has received unanimous support and recommendation from Just Eat Takeaway’s board of directors and supervisory board.
Prosus also holds stakes in German delivery companies Flink and Delivery Hero. This is not the first time Prosus has attempted such an acquisition, with a similar effort made five years ago.