Corporate News Roundup - October 2019

Posted Monday 28th October 2019

Takeover battle ensues for Just Eat after hostile bid

A battle has broken out for the takeover of Just Eat as investment group Prosus attempts to buy out the food delivery giant. This follows recent news that Just Eat were planning to merge with Dutch rival

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Top 10 founders’ most favourite start-up hubs in Europe

The location of a start-up can play an important role in the company’s growth. A report by Start-up Heatmap Europe ranks the top ten places to start a business. Read the article for the full list and to find out where London ranked.

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Job cuts possible at WeWork following Softbank rescue

Following the collapse of WeWork’s flotation plans, the company plans to “right-size” the business. The Financial Times report that this could have an impact on as many as 4,000 jobs, which is approximately a third of all WeWork’s staff.

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Seedrs helps GoodBox raise £1 million

GoodBox, the contactless donation company has used crowdfunding platform Seedrs to raise £1m. GoodBox was launched in 2016 and since then has raised over £2m for UK charities from Comic Relief to the British Red Cross!

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Rebel Kitchen and Nurture Brands merge

In January, Rebel Kitchen is set to merge with Nurtue Brands to create an enlarged business in the UK. The merger will create a group with retail sales of £10m+ allowing both brands to accelerate their growth.

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Diversity in the Tech industry needs to improve

Joelson Managing Partner, Philippa Sturt has written for Bloomberg Law examining the lack of diversity within the tech industry. A recent study revealed that only 15% of AI researchers at Facebook and 10% at Google are women.

Read the full article at Bloomberg Law

This article is for reference purposes only. It does not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking or deciding not to take any action.

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