Takeaway still undervalues Just Eat, says Prosus
Naspers’s newly listed internet arm is in a bidding war for UK-based online food delivery group
20 November 2019 - 13:39
Naspers’s Netherlands-based subsidiary Prosus dialed up its appeal for Just Eat shareholders to reject a rival bid from Takeaway.com on Wednesday, as a December 11 deadline for its own offer looms.
Prosus, which owns a range of internet-based businesses, says Takeaway continues to underestimate the value of the online delivery platform, saying shareholders should consider the future of the company in an increasingly competitive and hostile operating environment. Without substantial further investment, Just Eat will continue to underperform, the company said...
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