Just Eat shares soar 54% after Prosus offers to buy food delivery firm for $4.3 billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 24 2025
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Source: CNBC
Acquisition Announcement: Just Eat Takeaway.com is set to be acquired by Prosus in an all-cash deal valued at approximately 4.1 billion euros, with shares priced at a 63% premium over the previous closing price.
Market Reactions and Future Plans: Following the announcement, Just Eat's shares surged while Prosus's shares fell; both companies expressed optimism about creating value through the merger, with plans for growth in various sectors including food delivery and fintech.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
