Prosus Gets European Commission Nod For Just Eat Takeaway deal

This was the last regulatory approval needed to finalize the offer. All required approvals have now been secured ahead of schedule.

“We are very pleased with the European Commission’s rapid approval of the acquisition of JET,” says Prosus CEO Fabricio Bloisi. “Innovation waits for no one, and now that we have this approval, we can get started quickly. This is necessary because AI is rapidly changing the world of meal delivery. This milestone marks a powerful investment in the European future of AI and reinforces our commitment to Europe.”

To ease competition concerns Prosus has committed to reducing its stake in rival Delivery Hero to below 10% within 12 months.

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Additionally, Prosus and its parent company, Naspers, will stop appointing or nominating any affiliates to Delivery Hero’s management, supervisory board or other governing bodies.

The offer acceptance period remains open until October 1, 2025, at 17:40 CEST. Prosus and Just Eat Takeaway encourage all shareholders to submit their shares under the offer.

“With the acquisition, we are bringing together JET’s trusted brands and leading market positions with Prosus’ technical expertise and global scale. This positions us to strengthen our growth, improve our customers’ user experience, and add more value for our partners, delivery drivers, and shareholders. Our ambition is clear: we are building a true European tech champion and leading meal delivery into the next innovative phase,” adds Bloisi.

If all conditions, including the acceptance threshold, are met by the closing date, Prosus will declare the offer unconditional within three business days.

Following shareholder approval at the extraordinary general meeting on July 8, the acceptance threshold was lowered from 95% to 80% of Just Eat Takeaway’s total issued and outstanding share capital.

This announcement follows the recent launch of AI House Amsterdam, a cutting-edge innovation hub aimed at promoting collaboration, knowledge sharing and development in AI.

Prosus is a global consumer internet group and one of the world’s largest technology investors.

With investments in over 100 companies worldwide, it focuses on building leading e-commerce businesses in emerging markets.

Prosus also operates one of the largest AI communities globally, with over 750 specialists across innovation centres in Amsterdam, Berlin, Bangalore, Cape Town, and São Paulo.

This ecosystem combines technology and community, highlighted by last year’s AI Marketplace conference, which attracted more than 12,000 attendees.

About Prosus

Prosus is a leading global consumer internet group and tech investor, focusing on high-growth markets like India and Brazil. It builds and invests in sectors such as food delivery, fintech, and edtech, partnering with entrepreneurs to improve daily lives. Its portfolio includes Tencent, Delivery Hero, Udemy, and more.