Prosus NV Acquires Just Eat Takeaway.com NV: Analysis of a Major Technology Deal

Prosus NV $PRX.AS, a leading investor in the technology sector, has reached a significant agreement to acquire Just Eat Takeaway.com NV $JET.L for €4.1 billion ($4.3 billion). This acquisition marks the largest in Prosus’s portfolio and emphasizes the company’s commitment to pursuing new growth opportunities in the expanding market.

Deal Terms

The recent acquisition agreement entails a cash payment of €20.30 per share, which represents a 49% premium over Just Eat Takeaway’s average share price over the past three months. For comparison, shares of the company closed at €12.43 on Friday, showcasing a substantial premium for shareholders.

Significance of the Deal for Prosus NV

Prosus CEO Fabrizio Bloisi has demonstrated determination in the company’s strategy to expand its business. This acquisition is a significant step forward following successful investments, notably in Chinese gaming giant Tencent Holdings Ltd. $0700.HK in 2001 for $34 million. Currently, this stake is valued at over $140 billion, highlighting the success of Prosus’s investment strategy.

Key Motivations for the Acquisition

1. Portfolio Diversification: Investing in food delivery broadens Prosus's interests.

2. Entry into a Growing Market: The food delivery sector is experiencing steady growth, making it an attractive investment.

3. Increased User Base: Partnering with Just Eat Takeaway may attract more customers and boost revenues.

Prospects Following the Acquisition

The opportunity presented by this acquisition creates a new growth trajectory for both Prosus and Just Eat Takeaway. The expectation is that the company can optimize its business processes, enhance delivery logistics, and implement new technologies, thus increasing overall competitiveness.

Expected Benefits

• Expanded customer base;

• Improved operational efficiency;

• Implementation of innovative solutions in the delivery sector.

The acquisition of Just Eat Takeaway.com NV for €4.1 billion stands as a landmark event for Prosus NV, showcasing the company's readiness not only to maintain but also to expand its positions in the financial market. Prosus's investment strategy, which focuses on successful technology sectors, continues to yield significant results and opens new horizons for growth.