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.

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