Prosus, Led By South African Billionaire Koos Bekker, Extends 4.73 Billion Just Eat Offer To October

Prosus extended its 4.73 billion all-cash offer for Just Eat Takeaway to Oct. 1, following the EU competition review schedule.

Just Eat Takeaway cut its 2024 loss by 230.8 million, with plans to unify platforms and boost AI investments for efficiency.

Prosus posted a 12.37 billion net profit in 2025 and aims to grow revenue to 12.5 billion by 2028, focusing on emerging markets.

Prosus N.V., the global internet group chaired by South African billionaire Koos Bekker, has extended the acceptance deadline for its 4.1 billion 4.73 billion all-cash offer for Just Eat Takeaway.com N.V. JET to Oct. 1, 2025. The move aligns with the European Commissions revised competition review timeline, with a decision expected on Aug. 11.

The offer, announced in February and unanimously recommended by JETs management and supervisory board, aims to consolidate Prosuss presence in Europes fast-growing food-delivery market. Shares already tendered will remain valid, though holders may withdraw under the offer memorandums terms.

Prosus, 55 percent owned by Naspers, plans to build a European food-delivery powerhouse, leveraging JETs network of 356,000 partners across 18 countries and its 879 million orders delivered in 2024. Should fewer than 80 percent of shareholders accept the deal, Prosus intends to move to an asset and liquidation sale of the loss-making company.

The acquisition represents Nasperss largest investment to date and a strategic bid to create an AI-first European tech champion, aligning with EU ambitions to accelerate regional digital capabilities. JETs footprint across Europe, North America, and Oceania positions Prosus to capitalize on underpenetrated markets.

Although JET continues to operate at a loss, it managed to reduce its annual deficit by 200 million 230.8 million in fiscal year 2024. CEO Jitse Groen shared a clear plan to bring together the companys various platforms into one secure, unified system. This move aims to simplify operations and provide a better experience for customers.