Tag #Tech Takeover

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dailymail.co.uk

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May 19, 16:08

Protus Launches \$4.3 Billion Takeover Bid for Just Eat Takeaway

Dutch investment firm Protus launched a \$4.3 billion takeover bid for Just Eat Takeaway, offering €20.30 per share, a 63 percent premium, following Just Eat's struggles after the Grubhub acquisition and post-pandemic demand slowdown.

Protus Launches \$4.3 Billion Takeover Bid for Just Eat Takeaway

Dutch investment firm Protus launched a \$4.3 billion takeover bid for Just Eat Takeaway, offering €20.30 per share, a 63 percent premium, following Just Eat's struggles after the Grubhub acquisition and post-pandemic demand slowdown.

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What are the immediate implications of Protus's takeover bid for Just Eat Takeaway's shareholders and the broader food delivery market?

Protus, a Dutch investment firm, has launched a \$4.3 billion takeover bid for Just Eat Takeaway, a food delivery company. This follows DoorDash's acquisition of Deliveroo for \$2.9 billion. The offer is €20.30 per share, a 63 percent premium.

bbc.com

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May 6, 13:15

DoorDash Acquires Deliveroo for £2.9 Billion, Intensifying UK Food Delivery Competition

DoorDash acquired the UK-based food delivery app Deliveroo for £2.9 billion, creating a combined company with a presence in over 40 countries serving 50 million customers monthly and intensifying competition with Just Eat and Uber Eats in the UK, while raising concerns about UK investment.

DoorDash Acquires Deliveroo for £2.9 Billion, Intensifying UK Food Delivery Competition

DoorDash acquired the UK-based food delivery app Deliveroo for £2.9 billion, creating a combined company with a presence in over 40 countries serving 50 million customers monthly and intensifying competition with Just Eat and Uber Eats in the UK, while raising concerns about UK investment.

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How does this deal reflect broader trends in UK-US business relations and the attractiveness of the UK for investment?

The acquisition of Deliveroo by DoorDash signifies a growing trend of UK companies being acquired by US firms, raising concerns about the UK's investment climate. This deal, resulting in a combined monthly customer base of around 50 million, positions DoorDash for increased global market share, while simultaneously impacting UK rivals like Just Eat and Uber Eats. Deliveroo's 2024 sales of approximately £2 billion will be added to DoorDash's £8 billion in revenue from 2024, increasing the overall revenue significantly.

dailymail.co.uk

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May 7, 01:13

DoorDash Acquires Deliveroo for £2.9 Billion

US-based DoorDash acquired UK food delivery firm Deliveroo for £2.9 billion, resulting in founder Will Shu receiving £172 million and Deliveroo leaving the London Stock Exchange; this follows a poorly performing 2021 IPO and creates a £95 billion global food delivery giant.

DoorDash Acquires Deliveroo for £2.9 Billion

US-based DoorDash acquired UK food delivery firm Deliveroo for £2.9 billion, resulting in founder Will Shu receiving £172 million and Deliveroo leaving the London Stock Exchange; this follows a poorly performing 2021 IPO and creates a £95 billion global food delivery giant.

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What are the immediate consequences of DoorDash's acquisition of Deliveroo for the UK stock market and the food delivery industry?

Deliveroo, a UK-based food delivery company, has been acquired by US rival DoorDash for £2.9 billion. Deliveroo founder Will Shu will receive £172 million from the sale, while the deal marks another departure of a listed firm from the London Stock Exchange. This acquisition creates a £95 billion food delivery giant operating across 40 countries.

dutchnews.nl

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Feb 24, 16:08

Prosus Acquires Just Eat Takeaway for €4.1 Billion

Prosus, an Amsterdam-listed tech investment firm, launched a successful €4.1 billion takeover bid for Just Eat Takeaway, offering €20.30 per share—a 63% premium—after Just Eat Takeaway sold its loss-making US subsidiary Grubhub.

Prosus Acquires Just Eat Takeaway for €4.1 Billion

Prosus, an Amsterdam-listed tech investment firm, launched a successful €4.1 billion takeover bid for Just Eat Takeaway, offering €20.30 per share—a 63% premium—after Just Eat Takeaway sold its loss-making US subsidiary Grubhub.

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How did Just Eat Takeaway's sale of Grubhub influence this acquisition?

This acquisition follows Just Eat Takeaway's sale of its loss-making US arm, Grubhub, for $650 million. The $7.3 billion Grubhub acquisition in 2021 proved unprofitable due to competition and regulatory pressures. The takeover reflects Prosus's strategic investment in the European food delivery market and Just Eat Takeaway's need for resources to fuel growth.

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