By Parmy Olson and Alexandra Wexler Oct. 22, 2019 6:52 am ET Europe’s newest tech-investment giant made its first big move, launching a £4.9 billion offer for Just Eat JE 26.43% PLC and raising the pressure on the global food-delivery ambitions of the likes of Amazon.com Inc. AMZN 1.60% and Uber Technologies Inc. UBER -2.03%
Just Eat urged shareholders to reject the offer, saying it favored an already agreed combination with Dutch food-delivery rival Takeaway.com. TKWY 2.18%The move by Prosus marks the latest sign of growing interest in food delivery. The sector has been heating up as such businesses become increasingly popular as a more convenient way to order meals directly from restaurants via a smartphone. Earlier this year, Amazon Inc. led a $575 million investment round into Deliveroo, one of the U.K.
Should Prosus be successful in its bid for Just Eat, it would have a food-delivery presence in more than 50 markets, with a number one positioning in more than 40 of these, Prosus Chief Executive Bob van Dijk said on a call with reporters.
Brilliant choice!
wisely
This is a smart move to protect yr customers privacy coz literally there is no private company in China but stated controlled or owned.
I seriously read this as “Just Eat...rejects a $6.3 billion order...” And I was like man that’s a lot of taquitos.