Dutch tech company Just Eat Takeaway just underwent a significant acquisition worth €4.1 billion, marking one of the largest deals in Dutch tech history.
Prosus Acquires Just Eat Takeaway in €4.1bn Deal
Prosus, the investment arm of South African tech firm Naspers, has agreed to acquire Just Eat Takeaway.com (JET), one of Europe's largest food delivery companies, in a deal valued at approximately €4.1bn. This acquisition aims to establish a leading "European food-delivery powerhouse" by leveraging JET's extensive network of 356,000 partners across 18 countries and its 879 million orders delivered in 2024.
The public offer for JET was announced in early 2025 and is unanimously supported by JET’s management and board. To satisfy regulatory requirements, Prosus has extended the acceptance period of its offer to October 1, 2025, aligning with the European Commission’s revised competition review timeline.
If approved, the deal will be one of the largest acquisitions of a Dutch tech company in history. Notable buyouts in the Netherlands include T-Mobile Netherlands' €5.1bn acquisition by Warburg Pincus and Apax Partners in 2021 and Mendix's €628mn purchase by Siemens in 2018. The Qualcomm's $44bn attempt to acquire its Dutch rival NXP in 2018 was the largest buy, but it fell through after failing to win approval from Chinese regulators.
Prosus plans to unify the Just Eat Takeaway platforms, boost investment in AI for operational efficiencies, and grow its footprint across underpenetrated markets, primarily in Europe but also in North America and Oceania. The acquisition represents Naspers’ largest investment to date and aligns with ambitions to build an “AI-first European tech champion,” supporting regional digital capabilities.
To address EU competition concerns, Prosus has agreed to reduce its 27.4% stake in Delivery Hero, another major food delivery player, and give up its board seat there. This is a significant concession aimed at easing antitrust scrutiny and allowing the transaction to proceed.
Just Eat Takeaway's current leadership will remain in place under the agreement. Following the announcement, Just Eat Takeaway's shares climbed 53% on the Amsterdam Stock Exchange this morning. If Prosus does not reach at least 80% shareholder acceptance, it intends to consider an asset and liquidation sale of Just Eat Takeaway to safeguard its investment.
The acquisition is not confirmed to include a special offer for a certain website Conference, although Just Eat Takeaway has been both a speaker and partner at the event, which is tagged with tech and Investor. The our website newsletter provides the most important tech news each week. The acquisition has not been confirmed to include a special offer for the our website Conference.
Just Eat Takeaway reported a 35% jump in pre-tax profits for 2024, reaching €460mn. The company's extensive network and strong financial performance make it an attractive acquisition target. Prosus' expertise in the delivery sector and AI technology is expected to bring further profits for Just Eat Takeaway.
In 2020, Just Eat Takeaway was formed through the merger of UK-based Just Eat and Dutch company Takeaway.com. Notably, Just Eat Takeaway acquired Latin America's largest food delivery platform iFood in the past. The company has a packed agenda at the certain website Conference and the our website newsletter will provide updates on the deal's progress.
[1] Just Eat Takeaway.com agrees to €4.1bn acquisition by Prosus [2] Prosus' Just Eat Takeaway deal: What it means for the food delivery giant [3] Prosus to sell stake in Delivery Hero to ease EU antitrust concerns
- The acquisition of Just Eat Takeaway.com by Prosus, worth approximately €4.1bn, signifies a significant move in the technology and business sectors, as the tech giant aims to establish a leading European food-delivery powerhouse.
- The business deal between Prosus and Just Eat Takeaway, if approved, could witness advancements in the food delivery industry through increased investment in AI for operational efficiencies and expansion into underpenetrated markets.
