Prosus successfully completes tender offer for Just Eat Takeaway.com, boosting share price

Nasionale Pers’ Amsterdam and JSE-listed subsidiary Prosus said Thursday that the tender offer for Just Eat Takeaway.com (JET) had completed successfully, with strong support from JET shareholders.

The announcement sent Prosus’ share price up by 3.01% to R1244.69 on the JSE on Thursday morning, a price that had risen by a strong 57.9% over 12 months. In contrast, the JSE All Share Index was up 1.56% at the same time.

The offer had exceeded the Acceptance Threshold of the transaction, with 90.13% of JET shares tendered, and the transaction has been declared unconditional, following its swift approval by the European Commission in August 2025.

Prosus CEO Fabricio Bloisi said: “I’m very pleased with the outcome of the tender offer, and excited to welcome JET to the Prosus ecosystem. JET has a solid foundation, but for Prosus, the hard work starts now.”

He said Prosus’ goal was to act quickly to transform JET through a focus on product, customer, and innovation, creating a true European tech champion that would reshape the future of food delivery.

He said the successful closing of the offer represented a major milestone in Prosus's plan to create a world-class technology ecosystem in Europe.

“The sharing of data insights and AI capabilities across the ecosystem will drive user engagement, build customer loyalty, and optimise costs - all amplified at scale,” he said in a statement.

JET has 60 million customers, 362 000 restaurant partners, a well known brand, and leading market positions. Prosus aimed to bring its technical expertise and global scale to accelerate growth, enhance customer experience, and unlock value for its partners, drivers, and shareholders.

Bloisi said their immediate priorities would focus on customer-centric growth strategies, such as improved customer segmentation and personalised experience delivery, as well as driving AI-powered logistics optimisation.

“Prosus’s product and tech-centric approach, from learnings across its food portfolio, will be invaluable in driving these business improvements,” he said.

JET’s CEO Jitse Groen said in a statement that they were looking forward to working with their new owner to accelerate growth.

Prosus and JET intend to delist JET from Euronext Amsterdam “as soon as reasonably practical,” and the companies warned that delisting may adversely affect the liquidity and market value of any shares not tendered.

Prosus had made its €4.1 billion offer for JET earlier this year at €20.30 per JET share, which had represented a 49% premium to JET’s average share price for the three months preceding the offer.

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