Prosus to buy Just Eat for $4.3 billion as it seeks to create European food delivery 'champion'

European food delivery giant Just Eat Takeaway.com is set to be acquired by Dutch technology investor Prosus in a 4.1 billion euro all-cash deal, with Just Eat’s shares valued at 20.3 euros each, a 63% premium to Friday’s closing price. Prosus, majority owned by South Africa’s Naspers and already holding a 28% stake in Delivery Hero, aims to create a European tech champion by combining their technical and investment capabilities with Just Eat Takeaway.com’s leading brand position in key European markets, according to CEO Fabricio Bloisi.

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