In a significant development in the global food delivery sector, Prosus, an international investment group, has agreed to purchase Just Eat Takeaway for €4.3 billion. This acquisition will result in the formation of one of the world's largest food delivery conglomerates. The deal, which offers €20.30 per share, represents a 49% premium over Just Eat Takeaway's average trading price in the three months leading up to February 21, 2025. This strategic move aims to strengthen Just Eat’s market presence in key European regions and introduce advanced AI technologies to optimize operations.

Deal Details and Strategic Implications

On a crisp autumn day in early 2025, Prosus announced its intention to acquire Just Eat Takeaway, marking a pivotal moment in the evolution of the food delivery industry. The €4.3 billion all-cash deal is expected to solidify Prosus's position as a leader in this rapidly growing market. Fabricio Bloisi, CEO of Prosus, expressed enthusiasm about integrating Just Eat into the Prosus Group, aiming to create a dominant European tech company. He highlighted Prosus's commitment to leveraging AI and innovation to enhance logistics and customer service.

Just Eat operates across 17 international markets, serving 61 million customers and partnering with over 356,000 restaurants. In 2024, the company reported impressive financials, with €26.3 billion in gross transaction value and an adjusted EBITDA of €460 million. Jitse Groen, CEO of Just Eat, emphasized the accelerated growth and profitability of the business, noting that Prosus's support will further boost investments and expansion in various sectors such as groceries and fintech.

Prosus has a robust history of investing in food delivery platforms globally, with stakes in companies like iFood, Delivery Hero, Meituan, and Swiggy. This acquisition underscores Prosus's strategy to expand its footprint in Europe while leveraging its extensive resources and technical expertise.

From a journalistic perspective, this acquisition highlights the transformative power of strategic partnerships in the digital economy. It showcases how combining technological prowess with established market positions can drive significant value creation. For readers, it serves as a reminder of the dynamic nature of the tech and food delivery industries, where continuous innovation and adaptation are crucial for success. This deal not only promises enhanced services for consumers but also sets a precedent for future mergers and acquisitions in the sector.