Food delivery – Did Prosus lose out or dodge another costly mistake? – Ted Black
Ted Black delves deeper into the performance of food delivery services and makes his own assessment on whether Prosus really lost out on Just Eat.
Ted Black delves deeper into the performance of food delivery services and makes his own assessment on whether Prosus really lost out on Just Eat.
Prosus has raised its bid for UK food delivery firm Just Eat as it tries to win over investors and beat out an offer from rival Takeaway.com.
Whatever Prosus end up paying for Just Eat – big investors want 20% more and share prices suggest they’ll get it – on a long-term view, the purchase is likely to prove a bargain.
According to reports, if Bob van Dijk acquires Just Eat, he plans to pump more money into product innovation, technology and delivery capability.
Prosus Chief Executive Officer Bob van Dijk is on to something big with his bid for Just Eat, and he isn’t going to let it get away easily.
Prosus announced a hostile bid last week for British food delivery company Just Eat, challenging an offer from Takeaway that was due to go through by the end of the year.
Prosus NV swooped in with a £5bn bid for UK food delivery company Just Eat, challenging an agreed combination with Takeaway.com NV.
The restaurant delivery arm of the world’s largest ride-hailing company, called Uber Eats, represents more than 10 percent of gross bookings across the business.