The Boards of Prosus N.V. (Prosus
) and MIH Food Delivery Holdings B.V. (MIH
) note the publication earlier today of Just Eat's circular and Takeaway.com’s announcement in response to MIH’s cash offer for Just Eat (the Prosus Offer
). Neither of these documents change Prosus’s view that the Prosus Offer is superior to the Takeaway.com Offer and removes the downside risk for shareholders in Just Eat, a business that requires substantial investment to defend its position and capitalise on its long-term opportunity.
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