Just Eat Takeaway surges on takeover speculation

Shares of Just Eat Takeaway.com surged on Friday afternoon amid takeover speculation.

According to markets blog Betaville, people following the situation have heard rumours that Just Eat may be evaluating its strategic options with an investment banking adviser.

Betaville noted talk that the company may have drawn interest from private equity firms during a strategic review.

"Other people following the situation suggested US-listed Uber Technologies Inc may be circling Just Eat Takeaway.com," Betaville said.

Speculation about bid interest in Just Eat Takeaway comes after the share price has collapsed 70% over the last year and 40% year to date.

Last week, The Sunday Times suggested that US online food company DoorDash had held talks about buying London-listed rival Deliveroo in summer 2021.

At 1635 GMT, Just Eat shares were up 13.4% at 2,603.50p.