EDITORIAL: Looming bidding war for Just Eat a test of Naspers’s prudence
Prosus will either squander its $6bn windfall from Tencent or squander an opportunity to chart a new path
24 October 2019 - 05:08
It did not take long for Naspers’s newly listed internet business, Prosus, to make a move in the European merger & acquisitions scene. And it is an audacious move that, if successful, will give its online food delivery offering enough scale to take on Silicon Valley giant Uber Eats and Amazon-backed Deliveroo — one of Europe’s fastest-growing tech companies.
Prosus, which owns a third of China’s biggest internet company, Tencent, waded into the fight for Just Eat, a UK-based online food delivery firm, making an offer equivalent to R93bn directly to shareholders this week...
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