In a significant development in the European tech landscape, Dutch technology investor Prosus has announced an all-cash deal to acquire Just Eat Takeaway.com for approximately 4.1 billion euros ($4.3 billion). The acquisition values each share of Just Eat at 20.3 euros, marking a 63% premium over the company’s closing price on Friday.
Fabricio Bloisi, CEO of Prosus and Naspers group, expressed enthusiasm about the acquisition, stating, “We are very excited for Just Eat Takeaway.com to join the Prosus group and the opportunity to create a European tech champion.” He further emphasized that combining Prosus’ technical and investment capabilities with Just Eat Takeaway.com’s strong brand presence in key European markets will generate substantial value for customers, drivers, partners, and shareholders.
This acquisition is expected to reshape the competitive dynamics of the European food delivery sector. Further updates are anticipated as the deal progresses.
— news from CNBC