The Just Eat (JE.), Takeaway.com and Naspers love triangle has come to an end. Last Friday, Takeaway.com said that it had received acceptances for its offer representing 80.4 per cent of Just Eat's voting rights. The combination will create a takeaway food behemoth, to be named Just Eat Takeaway.com. A completion date has not yet been announced, but Investors Chronicle understands it will be in the first three months of this year.
Takeaway.com’s victory can be seen as an endorsement of the online food delivery sector. While rival Naspers’ would have bought them out, Just Eat's investors will retain a share in the newly enlarged group. Takeaway.com was expected to win approval, after it raised its bid to the equivalent of 916p a share in late December, well above the 800p offered by Naspers’ investment unit Prosus.