The proposed merger between Takeway.com and Just Eat would create one of the world's largest online food delivery platforms.
It has been reported that counterbids from other companies are likely. Analysts have speculated that higher bids could be possible from Delivery Hero, Naspers or Amazon.
Just Eat shareholder activist, Cat Rock have welcomed the proposed deal and are understood to be strong supporters of the merger with Takeaway.com.
Just Eat agreed terms with its Dutch rival Takeaway.com in a deal that would create one of the world’s biggest online food delivery companies.