Prosus CEO Fabricio Bloisi said acquiring Just Eat Takeaway.com provides a unique opportunity to extend the leadership of a strong European food delivery platform, complementing Prosus’s existing food delivery footprint outside of Europe.
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Maspers’ Europe-based and Amsterdam-listed subsidiary Prosus, and Just Eat Takeaway.com said Monday they are making good progress on preparations, including regulatory approvals, for the deal to buy Just Eat for €4.1 billion (R80.6bn).
“Today, Prosus submitted a request for review and approval of the Offer Memorandum to the AFM” (Autoriteit Financiële Markten), the Dutch financial markets regulatory body, the internet group's said in an update.
The offer is expected to commence in the second half of 2025, and it was expected that settlement would take place by year-end, subject to customary conditions, including regulatory approvals.
The offer has been pitched at €20.30 in cash per share. Just Eat's share price was 0.13% lower at €19.46 on the Amsterdam stock exchange on Monday afternoon. Naspers’ share price was 0.39% lower at R4 866.45 on Monday afternoon on the JSE.
“The transaction has a compelling rationale, offering Just Eat Takeaway.com shareholders an attractive cash premium, while providing Prosus with a unique opportunity to create an AI-first European tech champion,” the statement said.
“With Prosus' investment, technology and extensive expertise, Just Eat Takeaway.com will be well-positioned to strengthen its brands and operations, enhance its AI capabilities, and drive future growth well beyond its standalone potential,” the internet groups said.
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