Prosus to Acquire Just Eat in €4bn Deal

• Investment group Prosus is set to acquire Just Eat Takeaway.com in a deal worth over €4bn.
• Prosus's offer values Just Eat shares at €20.30, marking a 22% premium over its three-month high.
• The acquisition will lead to Just Eat's delisting from public markets.
• This deal is Prosus's most significant transaction under new CEO Fabricio Bloisi, aiming to create a European tech champion.
• Just Eat's shares have fallen sharply from their pandemic peak, following a tumultuous few years post-Covid-19 surge.

Source: Financial Times