Prosus' bid for Just Eat Takeaway. com extended due to longer competition authority probe

PROSUS on Tuesday extended its public offer to acquire all of Just Eat Takeaway.com (JET) to October 1, 2025, to align with a revised competition clearance timeline set by the European Commission for the R81.6 billion transaction.

- EDWARD WEST

Prosus had offered €20.30 per share for JET in February, with the original closing date August 19, 2025. The JSE and Amsterdam-listed Naspers subsidiary said on Tuesday that the timeline had been extended to accommodate “the ongoing regulatory review by the European Commission under the EU Merger Regulation.”

According to the Techcentral website, Prosus recently offered to sell down its shareholding in Germany-based Delivery Hero, where it is the biggest shareholder, from about 27.4% to below 10%, to help smooth the way for regulatory approvals for the JET acquisition. The report cited unnamed sources claiming that the European Commission had pressed Prosus to either reduce or divest its stake in Delivery Hero.