Prosus, a global investment group, has reached a conditional agreement to acquire Just Eat Takeaway in an all-cash deal valued at €4.3 billion.

This move is set to establish the world's fourth largest food delivery group. Prosus is offering €20.30 per share for Just Eat Takeaway, which is 49% higher than its average trading price over the past three months as of 21 February 2025.

The acquisition is intended to enhance Just Eat’s market position in the UK, Germany and the Netherlands. Prosus plans to integrate AI-driven efficiencies to improve logistics and customer service.

Prosus’ CEO, Fabricio Bloisi, said: “We are excited for Just Eat to join the Prosus Group and the opportunity to create a European tech champion. Prosus already has an extensive food delivery portfolio outside of Europe and a proven track record of profitable growth through investment in our customer and driver experiences, restaurant partnerships and world-class logistics, powered by innovation and AI."

"We believe that combining Prosus’ strong technical and investment capabilities with Just Eat’s leading brand position in key European markets will create significant value for our customers, drivers, partners and shareholders.”

Just Eat's CEO, Jitse Groen, added: “Just Eat is now a faster growing, more profitable and predominantly European-based business. Prosus fully supports our strategic plans, and its extensive resources will help to further accelerate our investments and growth across food, groceries, fintech and other adjacencies.”

Prosus has invested more than $10 billion globally in food delivery and holds stakes in companies including iFood, Delivery Hero, Meituan and Swiggy. Just Eat Takeaway operates in 17 international markets, serving 61 million customers and partnering with over 356,000 restaurants. In 2024, the company reported €26.3 billion in gross transaction value and an adjusted EBITDA of €460 million.