Prosus to chart new way forward after Just Eat defeat?

Business

Prosus to chart new way forward after Just Eat defeat?

Failure to snag UK business deals a blow to its plans to take on Uber Eats and Deliveroo

Mudiwa Gavaza

Having lost the battle to buy UK-based online food delivery platform Just Eat, Naspers’s subsidiary Prosus may still need to find another acquisition target if it intends to be a significant player in the food delivery industry.  

On Friday Dutch firm Takeaway.com won the battle for Just Eat with a £5.9bn (R110.67bn) all-share offer that will create one of the largest meal delivery companies in the world.

Takeaway said 80.4% of Just Eat shareholders had agreed to its all-share offer, passing a 50% threshold needed to make the deal unconditional...

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