Prosus has appealed to food delivery group Just Eat to accept its offer and reject that of rival Takeaway.com, which it branded risky.
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"We are excited about the prospect of adding Just Eat to our portfolio of leading global Food Delivery businesses and believe we are best positioned to address both the market opportunity and the challenges facing the company," said Prosus CEO Bob van Dijk.
Just Eat has 27 million customers and 107 000 participating restaurants in the UK, Australia, France, Brazil and other markets. It was founded in Denmark in 2001 by five entrepreneurs and listed on the London Stock Exchange. Last year, the group processed almost R80bn in orders.
Takeaway.com published its offer document on Wednesday, but the terms have remained unchanged since August.