Prosus already has a food business spanning 70 countries, with full ownership of Latin American food delivery platform iFood, as well as the stake in Delivery Hero, a 4% holding in global food delivery giant Meituan and a 25% stake in India’s recently floated food and grocery delivery platform, Swiggy.
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.
Fabricio Bloisi, chief executive of Prosus, said: “We are excited for Just Eat Takeaway.com to join the Prosus Group and the opportunity to create a European tech champion.
Since then, Just Eat bought US food-ordering platform Grubhub in an ill-fated deal, paying 7.3 billion US dollars (£5.8 billion) at the height of the takeaway boom in 2021, only to offload the business for 650 million dollars (£514 million) last November.
Just Eat Takeaway.com, the takeaway delivery giant, is poised for a €4.1 billion (£3.4 billion) takeover by Dutch tech investor Prosus.
