On February 24, 2025, Prosus announced a conditional agreement to acquire all outstanding shares of Just Eat Takeaway.com (AMS: TKWY) for €20.30 per share in an all-cash public offer, representing a 49% premium to the 3-month VWAP and valuing the transaction at approximately €8.5 billion (C$12.5 billion). The acquisition will create the world’s fourth-largest food delivery group, significantly expanding Prosus’s presence in Europe and complementing its extensive global food delivery portfolio. Prosus aims to leverage its AI and logistics expertise, demonstrated at iFood in Brazil, to enhance customer and driver experiences across Just Eat Takeaway.com’s markets.

Just Eat Takeaway.com, which operates in 17 markets and generated €26.3 billion in GTV in 2024, has leading positions in the UK, Germany, and the Netherlands, with 61 million customers and 356,000 restaurant partners. The combined entity is positioned to accelerate investments in adjacent sectors such as groceries and fintech.

Goldman Sachs is acting as financial advisor to Prosus, with legal counsel from Allen Overy Shearman Sterling LLP, Skadden, Arps, Slate, Meagher & Flom LLP, and Davis Polk & Wardwell London LLP. Brunswick and FGS serve as communications advisors. Just Eat Takeaway.com is advised financially by Gleacher Shacklock LLP and Morgan Stanley & Co. International plc, with legal counsel from De Brauw Blackstone Westbroek N.V. Lazard has issued a fairness opinion to Just Eat Takeaway.com's Supervisory Board, which is advised by Freshfields LLP. Davies Ward Phillips & Vineberg LLP is serving as Canadian competition counsel.