US EditionProsus Wins Conditional EU Antitrust Nod for Just Eat Takeaway Deal
AMSTERDAM, NORTH HOLLAND, AUG 11 – Prosus agreed to reduce its stake in Delivery Hero and make binding commitments to address EU antitrust concerns in its $4.8 billion acquisition of Just Eat Takeaway.
- The European Commission conditionally approved Prosus's 4.1 billion euro acquisition of Just Eat Takeaway.com on Monday in the EU.
- The approval followed concerns that the deal, announced in February, could reduce competition and consumer choice in Europe's food delivery market.
- Prosus, majority-owned by South Africa's Naspers, agreed to sell down its 27.4% stake in rival Delivery Hero and make binding commitments to address these concerns.
- Teresa Ribera, the EU antitrust official, stated that the agreed-upon measures ensure that competition remains strong and customers retain their options when ordering food for delivery, while also emphasizing that any anti-competitive actions will not be tolerated.
- The approval allows Prosus to become the world's fourth-largest food delivery group, while sending a clear warning to the industry about enforcing fair competition.
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Prosus wins conditional EU antitrust nod for Just Eat Takeaway deal
BRUSSELS :Dutch technology investor Prosus gained EU antitrust approval on Monday for its 4.1-billion-euro ($4.76 billion) bid for Just Eat Takeaway, after agreeing to sell down its stake in Delivery Hero.Amsterdam-headquartered Prosus, which is majority owned by South Africa's Naspers, announced the deal in
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Leaning Left4Leaning Right1Center8Last UpdatedBias Distribution62% Center
Bias Distribution
- 62% of the sources are Center
62% Center
L 31%
C 62%
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