$106 Billion Netherlands Internet & Tech Investor Prosus Buys Europe Just Eat Takeaway.com for $4.2 Billion Representing 49% Premium to 3-Month Volume Weighted Average Price & 22% Premium to 3-Month High, Takeaway.com Founded in 2000 in Netherlands & Just Eat Founded in 2001 in Denmark with Both Merging in 2020
25th February 2025 | Hong Kong
Netherlands internet & tech investor Prosus ($106 billion market value) has announced to buy Europe Just Eat Takeaway.com for $4.2 billion (EUR 4.1 billion), representing 49% premium to 3-Month Volume Weighted Average Price & 22% premium to 3-month high. Takeaway.com was founded in 2000 in Netherlands, and Just Eat was founded in 2001 in Denmark, with both companies merging in 2020. Announcement (24/2/25): “Prosus, the global technology company, today announced it has reached a conditional agreement to acquire Just Eat Takeaway.com (AMS:TKWY), to create the fourth largest food delivery group globally. Prosus intends to acquire Just Eat Takeaway.com’s entire issued share capital for €20.30 per share via a recommended all-cash public offer on the Amsterdam exchange. This represents a 49% premium to the 3-month VWAP as of 21 February 2025, and a 22% premium to Just Eat Takeaway.com’s highest share price over the last three months.” In 2024 December, Prosus ($100 billion market value) announced to buy Latin America leading online travel agency Despegar for $1.7 billion, representing +33% premium to closing share price on 20th December 2024. Despegar was founded in 1999, and IPO on New York Stock Exchange (NYSE) in 2017. In 2024 September, Prosus ($106 billion) exited China online travel platform Trip.com investment for $743 million in block trade sale. Prosus is a global consumer internet group and one of the largest technology investors and operators in the world.
“ $106 Billion Netherlands Internet & Tech Investor Prosus Buys Europe Just Eat Takeaway.com for $4.2 Billion Representing 49% Premium to 3-Month Volume Weighted Average Price & 22% Premium to 3-Month High, Takeaway.com Founded in 2000 in Netherlands & Just Eat Founded in 2001 in Denmark with Both Merging in 2020 “
Prosus food delivery – Prosus has a strong track record in food delivery outside of Europe, having invested more than US$10 billion globally in driving the category’s momentum and success. Today, Prosus’s food businesses span 70+ countries, serving 1m+ restaurants around the world. The current portfolio includes full ownership of iFood, Latin America’s leading food delivery platform. Prosus holds a 28% stake in Delivery Hero, a leading global food delivery company and an approximate 4% stake in Meituan, the world’s largest food delivery business. Prosus also holds a 25% stake in Swiggy, a leading food and grocery delivery platform in India, which recently completed a successful IPO in India.
Just Eat Takeaway.com – Just Eat Takeaway.com operates in 17 international markets, with leading positions in the majority of its markets. Across its markets, it connects 61 million customers with over 356,000 local partners. As one of Europe’s most recognised food delivery brands platforms, Just Eat Takeaway.com has strong brand awareness in most of its markets. In 2024 it generated €26.3 billion in GTV (€18.9 billion excl. Grubhub) and delivered an adjusted EBITDA of €460 million (€313 million excl. Grubhub).
$100 Billion Netherlands Internet & Tech Investor Prosus Buys Latin America Leading Online Travel Agency Despegar for $1.7 Billion Representing +33% Premium to Closing Share Price on 20th December 2024, Despegar Founded in 1999 & IPO on New York Stock Exchange in 2017
26th December 2024 – Netherlands internet & tech investor Prosus ($100 billion market value) has announced to buy Latin America leading online travel agency Despegar for $1.7 billion, representing +33% premium to closing share price on 20th December 2024. Despegar was founded in 1999, and IPO on New York Stock Exchange (NYSE) in 2017. Prosus (23/12/24): “Prosus, a global technology company, today announces that it has entered into a definitive agreement to acquire Despegar (NYSE: DESP) a leading Latin American Online Travel Agency (OTA), for $19.50 per share, equating to a 33% premium to the closing share price as of 20 December 2024, and a 34% premium to Despegar’s 90-day VWAP (volume weighted average price). The proposed transaction was approved by Despegar’s board of directors, who recommended that Despegar shareholders vote in favour of the proposed transaction following the unanimous recommendation by a transaction committee. The transaction introduces a significant and compelling addition to Prosus’s Latin America ecosystem, which, post-transaction, will expand to serve over 100 million customers across local e-commerce, travel, and fintech sectors.” Despegar operates in over 19 Latin American markets, serving customers through two primary business models: an omnichannel B2C platform that connects with users via the web, mobile app, and conversational channels powered by the company’s AI assistant, Sofia; and a rapidly expanding B2B segment that offers white-label solutions to partners such as banks, airlines, and retailers. Over the past two decades, Despegar has developed and grown into a sector leader with a proven and scalable business model. The company handles over 9.5 million transactions annually, generating $5.3 billion in gross bookings, $706 million in revenue, and delivering a reported EBITDA of $116 million based on its full-year 2023 results. Founded in Argentina in 1999, the business scaled and expanded throughout the region before listing on the New York Stock Exchange in 2017. Despegar has become the most recognised travel brand in Latin America and its Decolar brand is the most recognised brand in its largest market, Brazil. In 2024 September, Prosus ($106 billion) exited China online travel platform Trip.com investment for $743 million in block trade sale. Prosus is a global consumer internet group and one of the largest technology investors and operators in the world.
$106 Billion Netherlands Internet & Tech Investor Prosus Exits China Online Travel Platform Trip.com Investment for $743 Million in Block Trade Sale, Trip.com Market Value at $36 Billion, Trip.com Founded in 1999 & IPO on Nasdaq in 2003
27th September 2024 – Netherlands internet & tech investor Prosus ($106 billion) has exited China online travel platform Trip.com investment for $743 million in block trade sale. Trip.com current market value is at $36 billion. Trip.com was founded in 1999, and IPO on Nasdaq in 2003. Prosus is a global consumer internet group and one of the largest technology investors and operators in the world.
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