Investor Insights
Prosus gobbles up Just Eat – but is it a recipe for more value destruction?: Ted Black
In 2019, Prosus made a bid for Just Eat but didn’t pull it off.
Key topics:
- Prosus' €4.1B bid for Just Eat follows years of massive financial losses.
- Cumulative loss since 2019 exceeds €10B, with equity plunging 97%.
- Firm's low margins and high costs hinder cash generation, worsening the outlook.
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By Ted Black
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