Just Eat approves US$7.7bn takeover bid from Takeaway.com

NETHERLANDS – The shareholders of Just Eat, a British online food ordering company has approved the £5.9 billion (US$7.71 billion) buyout offer from Dutch peer Takeaway.com in a deal that will create one of the world’s largest food delivery company. The shareholders’ approval brings to an end a lengthy battle between Takeaway.com and Prosus, a technology investment company owned by South African technology giant Naspers. Prosus attempted to stop the merger by putting forward its own offer of £4.9-billion, which was later increased to £5.1-billion. However, Just eat rejected the…

Read More