Takeaway.com has been on a mission for the past few
years to assert its dominance as one of the world's leading
online food delivery service providers. In only six months the
company has made two major acquisitions; acquiring Delivery Hero,
Grubhub and merging with UK based Just Eat plc. All this while
fending off counteroffers from competitors such as Prosus NV and
out bidding rivals.
The Merger:
The merger between Takeaway.com and Just Eat took nearly six
months to complete. The company had to fend off multiple bids,
including a GBP 5.5 billion bid from competitor Prosus, the
investment unit of South African internet conglomerate Naspers
Limited.
The merger between the two companies was announced back in July
2019. Takeaway.com's initial offer valued Just Eat at 731 pence
per share (representing a 15 percent premium) and resulted in Just
Eat shareholders owning 52.2 percent and Takeaway.com shareholders
owning 47.8 percent of the share capital of the
