Prosus Plans $4.3 Billion Just Eat Takeaway Buy in All-Cash Deal

(Bloomberg) — Prosus NV agreed to buy Just Eat Takeaway.com NV for €4.1 billion ($4.3 billion) in the technology investor’s biggest deal to date.

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The all-cash deal at €20.30 a share is a 49% premium to the three-month volume-weighted average premium and will be paid in cash, the company said in a statement Monday.

Amsterdam-based Just Eat Takeaway.com operates in 17 international markets, connecting 61 million customers with more than 356,000 local partners.

Prosus Chief Executive Officer Fabricio Bloisi said in January that the company has close to $20 billion to spend and is ready to grow in Europe.

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