PROSY Stock Recent News

A takeover offer for Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has been confirmed by South African tech group Prosus, which plans to merge the European group with its Brazil-based iFood business. An €20.30 per share cash offer has been recommended by the JET management board and supervisory board.

Prosus CEO Fabricio Bloisi explains how the company is using M&A in its ambition to become the biggest tech lifestyle company outside the US and Asia. Bloisi joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.

Dutch technology investor Prosus NV expects adjusted profit at its e-commerce business to exceed its guidance and reach $435 million this fiscal year, Chief Executive Fabricio Bloisi said on Thursday.

Prosus offers a low-risk entry to China's internet growth via Tencent, trading at a near 40% discount to NAV. An ongoing buyback program is funded with proceeds from selling Tencent shares. It shall continue to boost NAV per share for Prosus investors. I initiate the stock with a buy rating based on a narrower NAV gap and potential upside in Tencent.

SANTA MONICA, Calif.--(BUSINESS WIRE)--Rain, the employer-integrated earned wage access (EWA) and financial wellness app, announced today it has raised $75 million in Series B equity funding. The round was led by Prosus with additional participation from Nextalia Ventures, Spark Growth Ventures, and existing investors including QED, Invus Opportunities, and others. Following consistently high growth since its founding in 2019, this funding will help Rain scale its go-to-market machine and build.

BDL Capital Management said in a report on Tuesday that the price Prosus offered for Just Eat Takeaway.com was unfair to minority shareholders.

Prosus (PROSY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Just Eat Takeaway.com NV has seen its ‘buy' rating removed by Deutsche Bank analysts after surging upon agreeing to a €4.1 billion (£3.4 billion) takeover by Prosus. Dubbing the acquisition a “compelling strategic fit,” Deutsche lifted Just Eat's share price target from €16.00 to €20.30 to reflect Prosus' offer and moved it to a ‘hold' rating.

Food delivery platform Just Eat Takeaway was sold to tech investor Prosus. The deal, worth 4.1 billion euros (about $4.3 billion), will make Netherlands-based Just Eat Takeaway a private company, according to a Monday (Feb. 24) press release.

Just Eat Takeaway.com NV has agreed to be taken private through a €4.1 billion (£3.4 billion) takeover by investment firm Prosus. Amsterdam-based Prosus had offered €20.30 per share, reflecting a 22% premium to the food delivery firm's latest three-month high, it said on Monday.