Just Eat Takeaway.com is set to be bought by a Dutch technology investor in a deal worth around 4.1 billion euros (£3.4 billion). Prosus, which is majority-owned by South Africa’s Naspers, is planning to offer 20.30 euros (£16.85) a share to buy the takeaway delivery giant with aims to create a “European tech champion”.
Prosus already owns a 28% stake in Just Eat rival Delivery Hero. The planned all-cash offer comes after a difficult past few years for Amsterdam-based Just Eat, which had enjoyed booming business – and a soaring share price – during the pandemic when households were forced to eat at home, but saw trading and its stock price pare bask sharply when lockdowns ended.
Jitse Groen, chief executive and founder of Just Eat Takeaway.com, said: “Just Eat Takeaway.com 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. We are looking forward to an exciting future together.”.
