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Prosus 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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35 Articles
35 Articles
The European Commission has approved the €4.1 billion acquisition of Just Eat Takeaway by tech investor Prosus. The acquisition of the owner of Thuisbezorgd.nl would make Prosus one of the largest meal delivery groups in the world.
·Apeldoorn, Netherlands (Kingdom of the)
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Coverage Details
Total News Sources35
Leaning Left4Leaning Right2Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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