Just Eat in £4.9m takeover battle as Prosus makes rival offer

Bid rejected as online food delivery firm presses ahead with merger with Takeaway.com

A £4.9bn takeover battle has broken out for the food delivery group Just Eat as the investment group Prosus launched an all-cash offer in an attempt to break up Just Eat’s merger with its Dutch rival Takeaway.com.

Prosus, which is part of South Africa’s Naspers, a large tech investing group, has held talks with Just Eat but has yet to reach an agreement on terms, so said it had decided to go direct to the shareholders.

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from Mergers and acquisitions | The Guardian https://ift.tt/2BA0aqZ