Prosus lays out table for Just Eat bid

Dollar_meal_fotolia_230x150
By Mike Turner
11 Nov 2019

Dutch firm Prosus heaped pressure on Just Eat’s merger with Takeaway.com on Monday, after the consumer internet company published an official offer document that Just Eat’s board has urged its investors to reject.

Prosus said in October that it had lined up financing for a £4.9bn hostile bid for Just Eat.

JP Morgan has signed on to provide a 12 month bridge loan to fund the deal. 

Prosus said Just Eat needed “substantial investment” in product, technology, marketing and own-delivery capabilities to ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial