Prosus 4 bln euro takeover of Just Eat drags its shares, sends food delivery up

Just Eat Takeaway.com NV

24/02/2025 08:38

** Shares in Prosus  PRX.AS  fall 6% after the Dutch tech
investor said it would buy Just Eat Takeaway  TKWY.AS  for 4.1
billion euros ($4.3 billion) to create an European food delivery
"champion"
    ** Shares in Glovo owner Delivery Hero  DHER.DE , where
Prosus is also the biggest shareholder, are up 5% after gaining
as much as 9% following the announcement
    ** "Some analysts see this as first step for a merger with
Delivery Hero," a German trader says
    ** Shares in Just Eat Takeaway  TKWY.AS  skyrocket 55% to
match the premium of the offer
    ** Shares of London-listed peer Deliveroo  ROO.L  rise 6%
    ** Meanwhile, Naspers  NPNJh.J , majority owner of Prosus,
was down 6.33% in Johannesburg at 0744 GMT

($1 = 0.9548 euros)

 (Reporting by Leo Marchandon and Paolo Laudani)
 ((Leo.marchandon@thomsonreuters.com))