Competition inquiry casts shadow over Takeaway's Just Eat deal

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Dutch food ordering firm Takeaway.com is pressing ahead with its 6.2 billion pou...

AMSTERDAM - Dutch food ordering firm Takeaway.com is pressing ahead with its 6.2 billion pound takeover of Just Eat despite a shock last-minute setback when the UK competition authorities said they will probe the deal to create one of the world’s largest meal delivery companies.

Should that happen, Takeaway.com could be prevented from further integrating the two businesses until the investigation is concluded. The CMA is already investigating plans by Amazon to lead a 575 million pound investment in rival Deliveroo. Investor Cat Rock, which holds 3% of Just Eat shares and 6% of Takeaway shares, slammed the investigation.

 

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