Prosus NV has announced its agreement to acquire Just Eat Takeaway.com NV for €4.1 billion (approximately $4.3 billion), marking the technology investor’s largest transaction to date as it seeks new avenues for growth.
The all-cash acquisition is priced at €20.30 per share, representing a 49% premium over the three-month volume-weighted average price, as detailed in a statement released on Monday. Just Eat Takeaway.com’s shares closed at €12.43 on Friday.
This purchase signifies a bold strategy by Prosus CEO Fabricio Bloisi to expand the company, which is still largely recognized for its 2001 investment in Tencent Holdings Ltd., the Chinese gaming powerhouse. Prosus, through its South African parent company Naspers Ltd., invested $34 million in Tencent, a stake now valued at over $140 billion.
Bloisi, who assumed leadership last year and hails from Brazil, revealed in January that the company has nearly $20 billion available for investments and is poised for growth in Europe. This acquisition will be his second major deal as he aims to double the firm’s valuation within the next four years. In an interview, Bloisi stated, “My plan after this transaction is to grow all our businesses faster – and we believe we can achieve that with Just Eat Takeaway.”
With a strong background in the delivery sector, Bloisi previously transformed Brazil’s iFood into the country’s leading online food delivery service. Amsterdam-based Just Eat Takeaway.com operates across 17 international markets, linking 61 million customers with over 356,000 local partners.
