Just Eat’s delivery driver has just arrived with a piping-hot treat: a takeover bid and a new chief executive. KarenKKwok explains how an ally can help the battle against Uber and Deliveroo:
Just Eat on July 29 confirmed it had reached in principle to be taken over by Dutch rival Takeaway.com in an all-share deal that values the British food delivery group at almost 5 billion pounds.
Just Eat shareholders would own about 52.2% of the combined group, while Takeaway.com shareholders would own the remaining 47.8%. Jitse Groen, the CEO and founder of Takeaway.com, would become chief executive of the merged company, while Just Eat Chairman Mike Evans would continue in the role.
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