Naspers’s newly listed internet arm Prosus is in a bidding war for UK-based online food delivery group Just Eat
Naspers CEO Bob van Dijk, strikes the gong to signify the opening of trading for the debut of the new Prosus unit of Naspers at the Amsterdam Stock Exchange. File picture: BLOOMBERG/JASPER JUINENowering the acceptance threshold for investors as it battles Takeaway.com.
“We see the food delivery platform as a way to fundamentally change how people eat, eventually to become as affordable as buying the ingredients themselves,” Sgourdos said. Prosus had enormous access to cash, and perhaps just a small increase to the offer would be needed, although the cash offer was already less risky than a Takeaway.com scrip offer, said Vestact fund manager Paul Theron.
Just Eat said in a statement on Monday its board continued to unanimously recommend that shareholders reject the offer, saying it failed to reflect the quality of the company, and its attractive assets and prospects.
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