Prosus Acquisition Offer
Just Eat Takeaway.com has reached an agreement with Prosus for a recommended €20.30 per share all-cash offer, representing a 63% premium to the closing share price on February 21, 2025. The offer values the company at approximately €4.1 billion.
Financial Performance
The company met its 2024 guidance with a constant currency GTV growth excluding North America of 2%, adjusted EBITDA of €460 million, and a free cash flow of €104 million. Excluding Grubhub, adjusted EBITDA was €313 million with a free cash flow of €101 million.
Expansion and Investment Plans
Just Eat Takeaway.com plans to invest an additional €150 million in Europe, and the UK and Ireland in 2025 to accelerate growth, focusing on expanded logistics coverage and enhanced consumer offerings.
Operational Improvements
The company's delivery efficiency has improved, leading to reduced delivery costs per order and the completion of a single global app rollout, enhancing user experience and product innovation.