Said on Monday, Prosus (AS:PRX) said it will purchase food delivery business Just Eat Takeaway (AS:TKWY), a move allowing the Dutch technological behemoth access into the European food distribution sector.



While Prosus (OTC:PROSF) stock tumbled roughly 7%, Just Eat shares skyrocketed more than 53% in Amsterdam.

Citi analysts expected the unfavourable reaction in Prosus by citing "shareholder scepticism from poor historical precedents in corporate consolidation in food delivery."

For each share in Just Eat, Prosus paid 20.30 euros in cash, therefore offering a premium of 63.3% to Just Eat's Friday closing. At 4.1 billion euros ($4.3 billion), the bid values the delivery company.

With interests in other worldwide food delivery companies, including Delivery Hero AG (ETR:DHER), ifood, and Swiggy, acquiring Just Eat will let Prosus expand its food delivery business into Europe. Stock of Delivery Hero surged over 8% after the news.

Supporting the takeover, just Eat CEO Jitse Groen said 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."

RBC Capital Markets analysts said, "While there is a possibility of a counter bid, we believe Prosus is in a good position considering its offer price having over 60% premium to Just Eat Takeaway.com's latest share price."

Standing to enhance Prosus's foothold in the food delivery business, a sector the firm has heavily invested in over the previous few years, the purchase is among the biggest European deals witnessed so far in 2025.

From Just Eat, the business bought a 33% share in iFood from Brazil in 2022.


Ambar Warrick wrote this report.