Takeaway.com and Prosus haven’t started throwing egg rolls at each other, but they aren’t far off. With shareholders having to choose between two very different deals, the battle is turning ugly.
Browsing: Retail and e-commerce
Prosus has been accused of “selling down” and trying to depress the share price of its rival Takeaway.com in the fight to gain control of Just Eat.
Ticketing company Computicket, which is owned by retailer Shoprite, has lost an appeal over a R20-million fine imposed on it for “abuse of dominance”.
Prosus may be a bit late with its offer to buy Just Eat: Takeaway.com and Just Eat announced their proposed transaction at the beginning of August and have already published a schedule of events to finalise it.
Naspers spin-off, Netherlands-listed Prosus, is making an audacious, R93.5-billion hostile bid to buy London-listed Just Eat.
Tuesday’s dramatic hostile counter-bid for the British Internet takeout company Just Eat arrived almost fully baked. But the new offer isn’t that tempting – it needs a big dollop of dessert to make it irresistible.
Early investors in Jumia Technologies will get their first chance to sell shares since the company went public in April, when the company’s 180-day lock-up period expires on Wednesday.
Richemont and Alibaba Group’s luxury joint venture has gone live in China, presenting 130 brands in one location on the Tmall e-commerce site.
Faulty payment systems, patchy network coverage, parking woes and unreliable customers are just a day in the life of a typical delivery driver for Jumia Technologies in Lagos.
The executives behind Wantitall and Parcelninja have launched a “global sourcing” e-commerce website promising half a million branded goods to South Africans at cheaper prices than available through other retailers.