EDITORIAL: Stakes are high for Prosus in food delivery business deal
CEO Bob van Dijk is excited about possible acquisition of British food delivery business Just Eat
19 November 2019 - 05:10
Prosus’s R93bn bid for British food delivery business Just Eat is everything you’d expect of an early 21st century hi-tech deal — audacious, eye-wateringly expensive and controversial. The sort of deal that keeps executives awake at night and shareholders in a state of high tension.
Investors more comfortable with the low-tech world might be inclined to point out how much you could buy with that sort of money — all of Shoprite as well as a good chunk of Pick n Pay or about 1.5% of Tencent. By contrast, they might say, Just Eat offers little more than a hi-tech logistics platform and a lot of bikes...
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