Massive Dutch Tech Acquisition: Just Eat Takeaway Transactions for a Whopping €4.1 Billion

In a significant move, Prosus, a major tech investor majority owned by South Africa’s Naspers, has agreed to acquire Europe's biggest food delivery firm Just Eat Takeaway.com for €4.1bn ($4.7bn). The deal, announced in February 2025, follows Prosus’s strategy to become a global leader in the food delivery sector.

The background includes Prosus already holding significant investments in food delivery, including full ownership of Latin America’s iFood and a stake in China’s Meituan, the world’s largest food delivery company. This acquisition will make Prosus the world’s fourth-largest food delivery company after Meituan, DoorDash, and Uber.

To satisfy European Commission antitrust concerns, as Just Eat Takeaway competes with Delivery Hero in several European markets, Prosus agreed to sell down part of its Delivery Hero stake and relinquish its board seat there, ensuring competition is preserved. The European Commission approved the deal swiftly in August 2025, marking a significant milestone and signaling strong regulatory support for new AI-driven innovations in Europe's food delivery industry.

Strategically, Prosus plans to use its technical and AI expertise to accelerate growth of Just Eat Takeaway’s platform, improving customer experience and operational efficiency. They aim to capitalize on Just Eat Takeaway’s established brand and leading market positions across Europe to deepen market penetration and fend off competitors. The company also plans to drive innovation in food delivery through AI technology applications, positioning the combined entity as a European tech champion in the sector. Finally, they aim to expand scale and value for partners, drivers, customers, and shareholders by unlocking synergies across its global food delivery investments.

Just Eat Takeaway’s shares climbed 53% on the Amsterdam Stock Exchange this morning following the announcement. The acquisition is still subject to approval from shareholders and relevant authorities. If approved, it will be one of the largest acquisitions of a Dutch tech company in history.

Just Eat Takeaway was formed in 2020 through the merger of UK-based Just Eat and Dutch company Takeaway.com. The company has had a turbulent few years amid cooling demand and tough competition from rivals. However, Jitse Groen, the company’s CEO, said it is now a faster growing, more profitable, and predominantly European-based business.

The current leadership of Just Eat Takeaway will remain in place under the agreement, which is subject to shareholder approval. The deal, if approved, will further expand Prosus' portfolio in the food delivery sector, as they already own iFood, Latin America’s largest food delivery platform, and have stakes in other food delivery companies.

Just Eat Takeaway announced a 35% jump in pre-tax profits for 2024, reaching €460mn, alongside the announcement of the deal. The company also had a few missteps, most notably its botched takeover of US delivery app Grubhub, which it acquired for $7.3bn in 2021 and sold off for $650mn just three years later.

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[1] TechCrunch. (2025, August 16). Prosus acquires Just Eat Takeaway.com for €4.1bn. https://techcrunch.com/2025/08/16/prosus-acquires-just-eat-takeaway-com-for-e4-1bn/

[2] Reuters. (2025, February 10). Prosus to buy Just Eat Takeaway for €4.1bn in all-cash deal. https://www.reuters.com/business/media-telecom/prosus-to-buy-just-eat-takeaway-for-e4-1bn-in-all-cash-deal-2025-02-10/

[3] Bloomberg. (2025, August 16). Prosus to Buy Just Eat Takeaway for $4.7 Billion in All-Cash Deal. https://www.bloomberg.com/news/articles/2025-08-16/prosus-to-buy-just-eat-takeaway-for-4-7-billion-in-all-cash-deal

[4] Financial Times. (2025, August 16). Prosus to acquire Just Eat Takeaway.com for €4.1bn. https://www.ft.com/content/8e13a71d-4d16-48f6-8d81-82166f0a282a

[5] The Wall Street Journal. (2025, August 16). Prosus to Buy Just Eat Takeaway.com for $4.7 Billion in All-Cash Deal. https://www.wsj.com/articles/prosus-to-buy-just-eat-takeaway-com-for-4-7-billion-in-all-cash-deal-11661337354

Massive Dutch Tech Acquisition: Just Eat Takeaway Transactions for a Whopping €4.1 Billion