Takeaway.com triumphs in bid for Just Eat with £5.9b deal

10 January 2020 by
takeaway food Just Eat

Dutch-owned Takeaway.com has triumphed in its bid for control of British food delivery firm Just Eat.

Its all-stock merger offer of £9.16 a share, valuing the company at £5.19b, was approved by 80.4% of Just Eat shareholders.

Takeaway.com founder and chief executive Jitse Groen said: "I wish to thank everybody involved but especially the Just Eat staff for their patience in what must have been an uncertain time. Just Eat Takeaway.com is a dream combination and I look forward to leading the company for many years to come."

The closely contested battle with South African owned Prosus saw its rival outbid its previous offer of £7.40 with £8 a share. Before Takeaway.com submitted its final bid of £9.16 a share.

When the deal is completed, the merged firm will be known as Just Eat Takeaway.com.

Amsterdam based Takeaway.com was founded in 2000 and now has over 300 employees.

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking