If you were listening closely you might have heard a collective sigh of relief from Prosus's shareholders on Friday as they received confirmation that the company’s R100bn takeover offer had been rejected by Just Eat shareholders.

Remarkably, only just more than 158,000 Just Eat shares were submitted in response to the offer. This suggests the R100bn wasn’t even in the ballpark as far as Just Eat shareholders were concerned. They opted instead for the Takeaway.com share-only deal that allows them to remain shareholders in the combined entity...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now