Britain clears Takeaway.com’s purchase of Just Eat

Technology

FILE PHOTO: Signage for Just Eat is seen next to Uber Eats and Deliveroo advertisements on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville/File Photo

LONDON (Reuters) – Britain’s competition regulator on Thursday cleared online food delivery company Takeaway.com’s takeover of UK rival Just Eat, saying the 6.2 billion pound ($7.7 billion) deal would not reduce competition.

Amsterdam-based Takeaway.com beat tech investment giant Prosus in a battle to buy Just Eat in January.

Britain’s Competition and Markets Authority (CMA)investigated the deal to see if Takeaway.com would have been likely to re-enter the UK market without the acquisition, thereby creating competition to Just Eat and the likes of Uber Eats and Deliveroo.

It concluded there was not a material likelihood of that happening if it blocked the deal, and it therefore gave it the green light.

Reporting by Paul Sandle, editing by James Davey

Products You May Like

Articles You May Like

The Most Iconic Pieces Of Menswear Ever Made
Tim Scott Gives Away The Plan By Refusing To Say Trump Shouldn’t Declare Victory Early
‘Small Things Like These’, ‘Bird’, ‘Christmas Eve In Miller’s Point’
Season 2 of Nathan Fielder’s The Rehearsal Premieres in 2025
Liam Payne Death: Three People Charged