Just Eat Takeaway.com N.V., one of the world’s leading on-demand delivery companies, and Prosus, the global technology company, have reached conditional agreement on an envisaged recommended public offer by Prosus for all issued and outstanding shares in the capital of Just Eat Takeaway.com of EUR 20.30 (cum dividend) in cash per share. The offer values a 100% of the shares at approximately EUR 4.1 bn and is unanimously recommended by Just Eat Takeaway.com’s management board and supervisory board.

De Brauw Blackstone Westbroek N.V. is acting as legal advisor to Just Eat Takeaway.com N.V.

Since its launch in 2000, Just Eat Takeaway.com has significantly grown its business, both organically and through M&A, to become a leading global on-demand food delivery company. The Company’s objective has been to build and extend large scale and sustainably profitable positions in its countries, enhancing propositions to consumers in collaboration with its partners. Just Eat Takeaway.com has recently streamlined its portfolio by divesting its US assets to sharpen its focus on core positions and is now transitioning from a period of portfolio optimisation and a drive for efficiency to a new phase of growth acceleration and platform investment.

Acquiring Just Eat Takeaway.com provides a unique opportunity for Prosus to extend the leadership of a strong European food delivery platform, complementing Prosus' existing food delivery footprint outside of Europe. Just Eat Takeaway.com has a deep connection to its customer base and courier community, and has developed some of the most loved food delivery brands in Europe. Its success within the United Kingdom, Germany and The Netherlands, has led to profitable, cash generative operations, with considerable growth potential, which Prosus intends to build upon.