A Dutch technology investor company, Prosus, has announced that it is acquiring Just Eat Takeaway.com, a food delivery giant in Europe.
The acquisition is an all-cash deal, which has been reported to be worth around 4.1 billion euros (approximately $4.3 billion).
According to Reuters, Prosus is offering 20.30 euros per share.
"We are very excited for Just Eat Takeaway.com to join the Prosus group and the opportunity to create a European tech champion," Prosus and Naspers group CEO Fabricio Bloisi said in a statement (via CNBC).
"We believe that combining Prosus' strong technical and investment capabilities with Just Eat Takeaway.com's leading brand position in key European markets will create significant value for our customers, drivers, partners, and shareholders," he added.
For his part, Just Eat Takeaway.com Founder and CEO Jitse Groen said that "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," Groen added.
Just Eat Takeaway.com's Decline
Just Eat Takaway.com is the result of a merger between London-based Just Eat and Amsterdam-based Takeaway.com, which took place in 2020. According to its website, it has a total of 731,000 partners in 17 countries.
CNBC's report notes that Just Eat Takeaway.com's stock declined as life gradually returned to normal following the COVID-19 pandemic, which saw customers depending heavily on delivery platforms for food and other items.
After buying food delivery app GrubHub for $7.3 billion, the company eventually sold it last November for only $650 million.
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