Prosus, Led By South African Billionaire Koos Bekker, Acquires Food Delivery Firm For 4.3 Billion

Prosus N.V., the global internet group led by South African billionaire Koos Bekker, is making a major push in the food delivery sector with a 4.3 billion all-cash acquisition of Just Eat Takeaway.com. The deal strengthens Prosus presence in European food delivery, where it already has a stake in iFood in Brazil, and fits into its broader 20 billion investment strategy focused on fintech, social media, edtech, and food services.

The acquisition, valued at 4.1 billion 4.3 billion or 20.3 21.26 per share , represents a 63 percent premium to Just Eat Takeaway.coms closing price on Feb. 21, 2025, and a 49 percent premium to its 90-day volume-weighted average price. Announced in a regulatory filing on Feb. 24, 2025, the deal is expected to drive Just Eat Takeaway.coms growth by leveraging AI, operational efficiencies, and investment expertisestrategies that have helped iFood dominate its market.

Prosus CEO Fabricio Bloisi expressed optimism about the acquisition, calling it an opportunity to build a leading European tech player. Prosus has a strong track record of driving profitable growth through investment in customer and driver experiences, restaurant partnerships, and logistics powered by AI. Combining our expertise with Just Eat Takeaway.coms strong brand in key European markets will create significant value for customers, drivers, partners, and shareholders, he said.

Founded in 2000 in the Netherlands, Just Eat Takeaway.com operates across multiple European markets, connecting millions of customers with restaurants and retailers. In 2023, it processed over 250 million orders, reporting 7.2 billion 7.54 billion in gross transaction value, 2.1 billion 2.2 billion in revenue, and 320 million 335.05 million in EBITDA. Its growing B2B partnerships and strong consumer platform reinforce its position as one of Europes leading online food delivery services.

Founded in 1997 under Koos Bekker, Prosus has grown into one of the worlds largest technology investors, with a portfolio spanning fintech, social media, edtech, and food delivery. A subsidiary of South African multinational Naspers, which Bekker also runs, Prosus has continuously expanded its global footprint. His 0.84 percent stake in the company is currently valued at 845.8 million.