Private equity giant Prosus has made an offer to acquire Just Eat Takeaway.com for £3.3bn.
The Amsterdam-based private equity firm said it intends to launch the offer “as soon as practically possible”, which the company said was likely to be in the second quarter.
The deal is expected to be completed by the end of the year.
Just Eat Takeaway.com was created in 2020 between a merger of the London-based Just Eat and the Amsterdam-listed Takeaway.com.
After the merger, Just Eat was removed from the FTSE 100 in 2021 as it was no longer based in the UK.
It maintained a dual listing in Amsterdam and London until last year, when it announced it would scrap its London listing due to the administrative burden.
Fabricio Bloisi, chief executive officer of Prosus and Naspers group said: “We are very excited for Just Eat Takeaway.com to join the Prosus group and the opportunity to create a European tech champion.”
Prosus has already found success with the Brazilian iFood, which relies heavily on AI to “enhance the customer experience and support for drivers”.
“The transaction provides an opportunity to couple Prosus’ investment expertise, tech and AI capabilities and innovation mindset, with Just Eat Takeaway.com’s brand strength and solid fundamentals,” Prosus said.
Dick Boer, chair of the supervisory board of Just Eat Takeaway.com, said: “Just Eat Takeaway.com will benefit from Prosus’ significant financial resources to support investment in the business with a long-term investment horizon.”
“The supervisory board unanimously supports the offer and is confident this outcome is in the best interest of Just Eat Takeaway.com and all its stakeholders.”