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Dutch food delivery company Just Eat Takeaway said on Thursday it will cut about 450 jobs as it integrates automation and artificial intelligence into its operations.
Just Eat Takeaway will reduce its workforce by around 450 positions as part of a review of its cost base and operations, a company spokeasperson told Reuters on Thursday.
Dutch technology investor Prosus gained EU antitrust approval on Monday for its 4.1-billion-euro ($4.76 billion) bid for Just Eat Takeaway , after agreeing to sell down its stake in Delivery Hero.
EU antitrust regulators are set to clear with conditions Dutch technology investor Prosus' 4.1-billion-euro ($4.74 billion) acquisition of Just Eat Takeaway , sources with direct knowledge of the matter said.
Prosus has offered to slash its Delivery Hero stake to below 10% and give up its board seat to address EU concerns over its 4.1 billion euro ($4.78 billion) Just Eat Takeaway deal, a person with direct knowledge of the matter said on Friday.
Prosus is "very confident" of securing early EU antitrust approval for its 4.1-billion-euro ($4.72 billion) acquisition of Just Eat Takeaway.com , the Dutch technology investor said on Monday.
A takeover offer for Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has been confirmed by South African tech group Prosus, which plans to merge the European group with its Brazil-based iFood business. An €20.30 per share cash offer has been recommended by the JET management board and supervisory board.
Prosus CEO Fabricio Bloisi explains how the company is using M&A in its ambition to become the biggest tech lifestyle company outside the US and Asia. Bloisi joins Caroline Hyde and Ed Ludlow on “Bloomberg Technology.
The food-delivery group said gross transaction value for the first quarter was €4.72 billion, compared to €4.70 billion for the same period a year earlier.
BDL Capital Management said in a report on Tuesday that the price Prosus offered for Just Eat Takeaway.com was unfair to minority shareholders.
Just Eat Takeaway.com NV has seen its ‘buy' rating removed by Deutsche Bank analysts after surging upon agreeing to a €4.1 billion (£3.4 billion) takeover by Prosus. Dubbing the acquisition a “compelling strategic fit,” Deutsche lifted Just Eat's share price target from €16.00 to €20.30 to reflect Prosus' offer and moved it to a ‘hold' rating.
Just Eat Takeaway.com N.V. (OTCPK:JTKWY) FY2024 Earnings Conference Call February 24, 2025 4:30 AM ET Company Participants Jitse Groen - Chief Executive Officer Mayte Oosterveld - Chief Financial Office Jorg Gerbig - Chief Operating Officer Andrew Kenny - Chief Commercial Officer Conference Call Participants Andrew Ross - Barclays Monique Pollard - Citi Giles Thorne - Jefferies Christopher Johnen - HSBC Wim Gille - ABN AMRO Annick Maas - Bernstein Mark Davids - JP Morgan Robert Vink - Kepler Cheuvreux Sean Kealy - Panmure Liberum Silvia Cuneo - Deutsche Bank Operator Hello, everyone, and welcome to Just Eat Takeaway.com Fiscal Year 2024 Results Call.
Just Eat Takeaway.com NV's €4.1 billion takeover is set to pave the way for a merger with its formerly part-owned Brazil-focused iFood among sweeping changes, analysts say. Dutch investment firm Prosus on Monday unveiled a €20.30 per share deal to buy Just Eat, which Panmure Liberum noted followed a poor period for the delivery firm.
Just Eat Takeaway.com NV has agreed to be taken private through a €4.1 billion (£3.4 billion) takeover by investment firm Prosus. Amsterdam-based Prosus had offered €20.30 per share, reflecting a 22% premium to the food delivery firm's latest three-month high, it said on Monday.
Just Eat Takeaway.com on Monday reported a 36% rise in its annual core profit on improvement in the key UK and Ireland markets, mainly due to lower costs of fulfilling orders and more efficient marketing.
Dutch technology investor Prosus said on Monday it intends to buy Just Eat Takewaway.com's entire issued share capital for 4.1 billion euros ($4.31 billion) in an all-cash public offer on the Amsterdam exchange.
European food delivery giant Just Eat Takeaway.com is poised to be acquired by Dutch technology investor Prosus in a deal worth roughly 4.1 billion euros ($4.3 billion).
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has finally got shot of its disastrous US acquisition GrubHub after its sale to start-up WonderGroup was signed off today. Amsterdam-listed Just Eat bought the Chicago-based business in 2021 for US$7.3 billion but put it up for sale just a year later as sales plummeted once the pandemic lockdowns came to an end.
After looking for a buyer for more than two years, Just Eat Takeaway.com has finally closed the menu on Grubhub. On Tuesday, the Dutch food delivery giant said it completed the sale of the U.S. business to Wonder, the food startup founded and led by e-commerce veteran Marc Lore.
Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to its platform without their consent and deceiving drivers about pay.