Dow Jones Newswires: Just Eat Takeaway.com to sell 33% stake in iFood JV to Prosus for up to $1.82 billion

Just Eat Takeaway.com NV said Friday that it has agreed to sell its around 33% stake in the iFood joint venture to Prosus NV
PRX,
+0.55%
for up to 1.8 billion euros ($1.82 billion) as it looks to focus on improving profitability and on a disciplined capital allocation.

The Amsterdam-based food-delivery group
TKWY,
+25.33%
said the amount comprises EUR1.5 billion in cash on closing and a deferred consideration based on the performance of the online food delivery sector over the next year of up to EUR300 million.