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The European Commission has cleared Prosus’ €4.1 billion acquisition of Just Eat Takeaway, a deal set to establish the world’s fourth largest food delivery group.
The two companies first reached a conditional agreement on the all-cash deal in February 2025, with Prosus offering €20.30 per share for Just Eat Takeaway.
Prosus said it has been engaging ‘constructively’ with the European Commission in recent months to secure the necessary regulatory clearance, which has now been granted. This was the final regulatory approval needed to close the offer.
In efforts to foster a competitive food delivery sector in Europe, Prosus has agreed to significantly reduce its equity stake in Delivery Hero to a single digit percentage within 12 months of the European Commission’s approval.
Additionally, Prosus confirmed it will not recommend or appoint any future individual connected with Naspers/Prosus to the Delivery Hero management or supervisory boards, or governing bodies.
Prosus said these commitments reflect its desire to ‘move swiftly and bring Just Eat Takeaway into the Prosus ecosystem, and begin the work necessary to accelerate its performance’.
Fabricio Bloisi, Prosus’ CEO, said: “We’re thrilled by the European Commission’s swift approval of our acquisition of JET. Innovation doesn’t wait, and we can now get to work quickly, as AI is rapidly reshaping food delivery.”
Prosus’ investment in AI aims to ‘reinvent’ the consumer experience and better serve millions of customers per day, enabling it to scale its AI solutions across Just Eat’s operations.
Bloisi added: “This milestone marks a bold investment in Europe’s AI future and strengthens our commitment to the continent. With JET’s trusted brand and leading positions, combined with Prosus’s technical expertise and global scale, we’re poised to accelerate growth, enhance customer experiences, and unlock new value for our partners, drivers and shareholders.”
If all offer conditions are met by the closing date of 1 October 2025, including the acceptance threshold of the deal, Prosus will declare the offer unconditional within three business days after the closing date.
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