EDITORIAL: Why Just Eat shareholders are licking their lips in anticipation of a deal
UK online food delivery company rejects Prosus latest offer quickly in the hope of a sweeter one
Shareholders of Just Eat, the UK-based online food delivery platform in the middle of a bidding war, must be licking their lips for the moment, which seems increasingly inevitable, when Naspers’s international e-commerce arm Prosus raises its already sweetened £5.1bn (R98bn) hostile takeover offer.
In October, Prosus, which houses Naspers’s assets such as its stakes in China’s Tencent, Russia’s Mail.ru and Germany’s Delivery Hero, gatecrashed an all-share tie-up between Just Eat and its Dutch rival Takeaway.com, which has the backing of Just Eat’s board and some shareholders, with a slightly higher cash bid...
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