0jpg

A food fight - why did Naspers lose the Just Eat deal ?

Takeaway.com has won a bidding war for Just Eat Plc, ending a months-long battle with Prosus.

This creates Europe’s largest food-delivery operation.

Food delivery is one of those businesses that if you can build up a dominant position and be the go-to service in any specific geographical region you can increase prices later and capture some juicy e-commerce revenue. In the UK they are a pretty useful player.

Paul Theron, MD - Vestact Asset Management

The argument was that Just Eat is currently burning cash, losing money on every single delivery and that they needed to have more cash capital. Remember, we're in the background now where the mood is less receptive to the cash-burning unicorns as it was a year ago. If I was takeaway.com management - the assumption - I assume - would be that they're going to be able to raise as much cash as they want.

European investors must wake up and pay up for Prosus, in order to close the gap... it's not just a South African problem anymore. I hope Bob van Dijk is spending a lot of time with European-based institutional investors telling them to step up and get involved.

Paul Theron, MD - Vestact Asset Management

Listen to the full sound clip below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Positioning your business for success

Positioning your business for success

Positioning your business for success - what does this phrase even mean?

Is SA Express next in line for business rescue?

Is SA Express next in line for business rescue?

SAA has been placed in business rescue and this is placing SA Express in a risky position.

#WEF2020:  Bruce Whitfield live from Davos

#WEF2020: Bruce Whitfield live from Davos

CNN business editor Richard Quest pulled no punches about South Africa when Bruce Whitfield interviewed him in Davos earlier.

This is how you should invest your money for the next decade

This is how you should invest your money for the next decade

Personal Finance - Tips on how to invest your money.

'I don't think anyone in the family wants to do Prince Harry any harm'

'I don't think anyone in the family wants to do Prince Harry any harm'

Eyewitness News UK correspondent Gavin Grey gives an update from the Queen's meeting with Prince Harry.

More than 3,700 employees are doing business with Public Works, says De Lille

More than 3,700 employees are doing business with Public Works, says De Lille

There are claims that a service provider inflated invoices, costing taxpayers a staggering R76m.

Popular articles
[VIDEO] Family saved from being hit by speeding SUV goes viral

[VIDEO] Family saved from being hit by speeding SUV goes viral

Khabazela shares tweets and Facebook posts that have gone viral.