Prosus launches audacious $6.3 billion bid to acquire UK food delivery company

The board of Prosus NV – the recently spun-out Naspers company – has made a hostile US$6.3 billion bid for UK-listed Just Eat, a move which could instigate a bidding war with Dutch rival Takeaway.com.

The latter agreed a merger with online food order and delivery firm Just Eat earlier this year, but the Prosus bid represents a 20% premium on the deal agreed with Takeaway.com.

Naspers chief executive Bob van Dijk said: “We are very excited about the long-term potential of the food delivery space and it is a sector we are committed to. We believe our global experience and resources can help Just Eat to achieve its significant potential.

“Our plan is to support the Just Eat management team, with whom we have worked closely as joint investors in iFood to deliver on the exciting opportunities to grow the business.”

The Just Eat bid is the first significant action made by Prosus since it was spun off and listed on the Amsterdam stock market last month. Prosus is comprised of Naspers’ internet assets, including a 31% stake in Chinese tech giant Tencent which is now worth $130 billion.

@ABNetworkOnline