The Just Eat saga entered its final furlong on December 19 after Naspers and Takeaway.com both increased their offers for the UK food delivery company within minutes of each other.

South African tech conglomerate Naspers increased its bid to 800 pence a share for the second time this month, valuing Just Eat at £5.5bn ($7.2bn), and declared its all-cash offer as final. Half an hour later, Dutch company Takeaway.com announced that it also upped its all-share offer to 916 pence, based on its share price at Wednesday’s close.