Prosus agrees to buy food delivery giant Just Eat in €4.1bn deal

Just Eat reported 36% rise in profits in 2024 on Monday, buoyed by Irish and UK markets

Prosus has agreed to buy Just Eat which has a major presence in Ireland and 16 other international markets in a deal worth €4.1bn. (Picture: Naoise Culhane)

Investment group Prosus has agreed to buy Just Eat Takeaway.com for €4.1bn, which operates in Ireland and 16 other international markets, the technology investor’s biggest deal to date as it pursues new growth opportunities. 

The all-cash deal at €20.30 a share is a 49% premium to the three-month volume-weighted average price, the company said in a statement on Monday. The stock closed at €12.43 on Friday.