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The European Commission has approved Naspers’ €4.1 billion acquisition of Just Eat Takeaway.com, but imposed conditions to prevent market concentration in the food delivery sector.
✅ Deal Approval with Conditions
Brussels cleared the takeover by Naspers, a South African multinational, citing no significant impediment to competition from the transaction itself. However, regulators raised concerns over the broader implications for market dominance in Europe’s fast-growing food delivery industry.
🚫 Restrictions on Delivery Hero Stake
To safeguard competition, the Commission has ordered Naspers to reduce its stake in Delivery Hero, a rival food delivery firm. Naspers, through its investment arm Prosus, holds significant shares in both companies. The divestment aims to prevent undue influence across competing platforms and maintain a level playing field.
🌍 Market Impact
The decision reflects the EU’s increasing scrutiny of consolidation in digital markets, particularly where consumer choice and pricing could be affected. The food delivery sector has seen rapid growth and consolidation in recent years, prompting regulators to intervene to preserve competition.
The Commission’s ruling allows the Just Eat acquisition to proceed while ensuring structural safeguards are in place to protect European consumers and businesses from monopolistic practices.
JUST EAT Bike Rental Docking Station Picture by William Murphy
