Prosus advances bid for Just Eat Takeaway.com

Prosus N.V. announced today that it is moving forward with its recommended public offer to acquire all outstanding shares of Just Eat Takeaway.com. Prosus has submitted a request for review and approval of its offer memorandum to the Dutch Authority for the Financial Markets (AFM). The offer, valued at EUR 20.30 per share in cash, aims to create an AI-first European tech champion, leveraging Prosus's technology investment and expertise. The offer is anticipated to commence in Q2 2025 and is subject to customary conditions, including regulatory approvals. Prosus expects the settlement of the transaction to occur by year-end. Investec Bank Limited is the JSE sponsor to Prosus.