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Bloomberg
Takeaway.com CEO Jitse Groen said it doesn’t make sense to overpay in its bid to gain control of UK rival Just Eat Plc.
“I don’t want to be the idiot that runs into a ratio that doesn’t make any sense,†Groen said at the sidelines of the Morgan Stanley European Technology, Media & Telecom Conference in Barcelona.
Takeaway published a presentation expanding on the rationale behind its bid, adding that it expects to launch its Scoober courier service to the UK, which is expected to incur costs in the tens of millions of euros per year.