Tencent's major shareholder Prosus announced the acquisition of the European version of "Meituan" for $4.3 billion in an all-cash deal!
This is Prosus's largest acquisition to date. Prosus plans to acquire all issued share capital of Just Eat Takeaway at a price of €20.30 per share. This represents a 49% premium over the volume-weighted average price of the stock for the three months ending February 21, and a 22% premium over the highest stock price in the past three months
As competition in the global food delivery industry intensifies, Tencent's major shareholder, global technology company Prosus N.V., has announced a significant acquisition plan.
On Monday, Prosus announced it would acquire the leading European online food delivery platform Just Eat Takeaway.com NV in an all-cash deal, thereby creating the world's fourth-largest takeaway group. Reportedly, the transaction amount is as high as 4.1 billion euros (approximately 4.3 billion dollars), making it Prosus's largest acquisition to date.
Europe's largest takeaway platform Just Eat Takeaway is headquartered in Amsterdam, formed by the merger of Just Eat and Takeaway, and currently operates in 17 international markets, connecting 61 million consumers with over 356,000 local partners.
So far this year, the company has fallen by 5.56%, closing at 2.55 dollars yesterday.
Prosus plans to acquire all of Just Eat Takeaway's issued share capital at a price of 20.30 euros per share, representing a 49% premium over the volume-weighted average price of the stock over the past three months as of February 21, and a 22% premium over the highest stock price in the past three months.
Notably, last month, Prosus CEO Fabricio Bloisi stated that the company has nearly 20 billion dollars available for investment and is ready to expand in the European market:
"Our European ecosystem is ready to grow, and we are also ready to invest."
