Just Eat to be bought for £3.4 billion

Just Eat is to be bought by Dutch technology investment group, Prosus for a £3.4 billion deal.

Prosus is majority owned by South Africa’s Naspers is set offer £16.85 a share to buy the takeaway firm and will create a “European tech champion.”

Jitse Groen, chief executive and founder of Just Eat Takeaway.com, said, “Just Eat Takeaway.com is now a faster growing, more profitable and predominantly European-based business.

“Prosus fully supports our strategic plans and its extensive resources will help to further accelerate our investments and growth across food, groceries, fintech and other adjacencies. We are looking forward to an exciting future together.”