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Key Points
- Prosus is acquiring Just Eat Takeaway.com for $4.3 billion all-cash, boosting its European food delivery presence.
- The deal carries a 63% premium on closing prices, reinforcing Prosus’ aggressive investment strategy.
- CEO Fabricio Bloisi expects growth by leveraging AI, operational efficiencies, and strategic investments.
Prosus N.V., the global internet group led by South African billionaire Koos Bekker, is making a major push in the food delivery sector with a $4.3 billion all-cash acquisition of Just Eat Takeaway.com. The deal strengthens Prosus’ presence in European food delivery, where it already has a stake in iFood in Brazil, and fits into its broader $20 billion investment strategy focused on fintech, social media, edtech, and food services.
Prosus acquires Just Eat Takeaway.com for $4.3 billion
The acquisition, valued at €4.1 billion ($4.3 billion) or €20.3 ($21.26) per share, represents a 63 percent premium to Just Eat Takeaway.com’s closing price on Feb. 21, 2025, and a 49 percent premium to its 90-day volume-weighted average price. Announced in a regulatory filing on Feb. 24, 2025, the deal is expected to drive Just Eat Takeaway.com’s growth by leveraging AI, operational efficiencies, and investment expertise—strategies that have helped iFood dominate its market.
Prosus CEO Fabricio Bloisi expressed optimism about the acquisition, calling it an opportunity to build a leading European tech player. “Prosus has a strong track record of driving profitable growth through investment in customer and driver experiences, restaurant partnerships, and logistics powered by AI. Combining our expertise with Just Eat Takeaway.com’s strong brand in key European markets will create significant value for customers, drivers, partners, and shareholders,” he said.
Founded in 2000 in the Netherlands, Just Eat Takeaway.com operates across multiple European markets, connecting millions of customers with restaurants and retailers. In 2023, it processed over 250 million orders, reporting €7.2 billion ($7.54 billion) in gross transaction value, €2.1 billion ($2.2 billion) in revenue, and €320 million ($335.05 million) in EBITDA. Its growing B2B partnerships and strong consumer platform reinforce its position as one of Europe’s leading online food delivery services.
Prosus builds on a global investment strategy
Founded in 1997 under Koos Bekker, Prosus has grown into one of the world’s largest technology investors, with a portfolio spanning fintech, social media, edtech, and food delivery. A subsidiary of South African multinational Naspers, which Bekker also runs, Prosus has continuously expanded its global footprint. His 0.84 percent stake in the company is currently valued at $845.8 million.
Over the past year, Prosus has reshaped its portfolio through share buybacks and strategic investments. The Just Eat Takeaway.com acquisition plays a key role in strengthening its engagement with platforms like Despegar, iFood, and Sympla while channeling resources into higher-growth areas. The company remains committed to keeping Just Eat Takeaway.com’s workforce intact and maintaining its Amsterdam headquarters. As it accelerates expansion into groceries, fintech, and adjacent sectors, Prosus is positioning itself at the forefront of Europe’s food-tech industry.
