Prosus raises bid for Just Eat, pressure now on rival Takeaway

9 Dec by Vitaliy Dadalyan

Prosus raises bid for Just Eat, pressure now on rival Takeaway

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Prosus raises bid for Just Eat, pressure now on rival TakeawayProsus, the Dutch-based technology giant, has raised its unsolicited cash offer for British food delivery service Just Eat to $6.5 billion, ratcheting up pressure on rival suitor Takeaway, it said on Monday. Prosus’s increased offer of 740 pence per share from 710 pence is about 5% higher than a rival all-share deal from Takeaway.com, which has the backing the board of Just Eat. Netherlands-based Prosus also lowered its acceptance threshold for Just Eat shareholders to 50% plus one share from 75% previously, and it extended its offer period through Dec. 27.