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
0mins
Should l Buy ?
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.
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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.
