Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Just Eat snapped up at a fraction of its pandemic peak as appetite for takeaways wanes

by February 24, 2025
February 24, 2025
Just Eat snapped up at a fraction of its pandemic peak as appetite for takeaways wanes

Just Eat is set to be acquired for €4.1bn (£3.4bn)—less than a third of its value at the height of the pandemic—marking a stark reflection of the post-Covid slump in takeaway demand.

The Anglo-Dutch delivery giant, listed in Amsterdam and known officially as Just Eat Takeaway, confirmed on Monday that it had agreed to a buyout by Dutch investment group Prosus at €20.30 per share. The move comes just two months after Just Eat dropped its dual listing in London.

While the offer represents a 49 per cent premium to the company’s average valuation over the past three months, it remains a steep discount compared to the €100 share price during the pandemic, when lockdowns supercharged delivery orders. At its peak in 2021, Just Eat Takeaway was worth £14.2bn.

The end of Covid restrictions has sparked a slowdown in takeaway spending, compounding Just Eat’s woes after a troubled foray into the US market. In 2021, the company spent $7.3bn (£5.8bn) acquiring New York-based Grubhub, only to sell it for a fraction of that—$650m—late last year.

Prosus’s new bid marks the latest chapter in its pursuit of Just Eat, having first tried to buy the business for £5.5bn in 2019. At the time, Just Eat instead chose to merge with Takeaway.com, led by the Dutch entrepreneur Jitse Groen, in a deal that valued the combined group at around £9bn. Since then, shares have plunged by around 80 per cent from their pandemic highs.

Just Eat remains under pressure in the UK, facing fierce competition from rivals Deliveroo and Uber Eats. Mr Groen said Prosus “fully supports our strategic plans, and its extensive resources will help to further accelerate our investments”.

Prosus—majority-owned by the South African media conglomerate Naspers—already has a strong presence in international food delivery, holding substantial stakes in Germany’s Delivery Hero, China’s Meituan, Brazil’s iFood and India’s Swiggy. Prosus chief executive Fabricio Bloisi called Just Eat a “European tech champion” in the making.

News of the takeover boosted shares in other European food delivery firms, with Deliveroo up 7 per cent and Delivery Hero climbing 8 per cent. Prosus’s own shares, however, dipped by about 7 per cent in early Amsterdam trading.

Analysts predict this move could trigger further consolidation in the fast-moving food delivery market. As the initial pandemic-fuelled surge in orders continues to recede, businesses are under pressure to expand revenue streams and cut costs to stay competitive.

Read more:
Just Eat snapped up at a fraction of its pandemic peak as appetite for takeaways wanes

0
FacebookTwitterGoogle +Pinterest
previous post
Carney’s Brookfield acquires National Grid renewables in £1.3bn net zero push
next post
Exploring the Performance and Features of the Tata Nexon

You may also like

Hunt has scope for tax cuts as government...

April 25, 2023

Lobby groups Make UK and CBI in possible...

September 8, 2023

Bank of England faces pressure to cut rates...

September 16, 2024

House prices fall nearly 2% over year

December 29, 2023

UK jobless rate edges higher as Reeves’s tax...

January 21, 2025

How Philip Belamant, CEO and Co-Founder of Revolutionary...

September 7, 2022

Government encourages pubs to open early so country...

August 18, 2023

Brad Zackson Shares Common Misconceptions about Real Estate...

November 30, 2022

Brexit a major cause of UK’s return to...

November 15, 2022

OpenSolar raises $15M to expand its software Platform...

February 2, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Gladney Darroh: Building a Career on Grit, Service, and Second Chances

      August 23, 2025
    • Cracker Barrel CEO serves up leftover corporate branding to unhappy customers

      August 23, 2025
    • How Hertz’s EV Road Trip Planner takes the stress out of electric journeys

      August 23, 2025
    • Best Clip-In Hair Extensions UK 2025: Top 10 Brands for Autumn Transformations

      August 23, 2025
    • GOP senators push Kamala Harris testimony as House Oversight eyes subpoena

      August 23, 2025
    • Mitchell Geisler on Listening, Leadership and Business Growth

      August 23, 2025

    Categories

    • Business (8,861)
    • Investing (2,235)
    • Politics (16,467)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved