Business
Deal or no deal
Adapt IT has suddenly become a hot takeover target. Where does its future lie?
03 May 2021
I hope you’re not going to make a huge story out of this,” Adapt IT’s CEO Sbu Shabalala said as we finished our interview.
We’d both laughed at the word play, because I’d been grilling him about the Huge Group’s hostile takeover bid for the company he founded in 2004. ‘Unsolicited’ is how Huge describes its R795-million share-swap offer, but Shabalala didn’t pussyfoot around, and used the word hostile. Frequently.
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