FILE PHOTO: Prosus' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration
AMSTERDAM (Reuters) -Technology investor Prosus said on Friday it would pay up to 1.8 billion euros ($1.81 billion) to buy the 33% stake in Brazil's iFood from rival Just Eat Takeaway.com that it does not already own.
The deal will give Prosus sole control of iFood, considered one of the most attractive food delivery businesses in one of the world's biggest markets. It also gives Takeaway, which is racing to achieve profitability, a vital cash infusion.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
