Prosus To Acquire Additional 33.3% Stake in Brazil’s iFood from Just Eat for ~USD1.5b
Source(s): Businesswire (Prosus)
Prosus agreed to acquire the remaining 33.3% stake in iFood, a Brazil-based online food ordering platform, from Just Eat for EUR1.5bn (~USD1.5b) in cash plus a contingent consideration of up to EUR300m (~USD304m). Following the transaction, Prosus and its affiliate Movile will have full ownership of iFood. Read more