It arrives just months after the U.K. competition watchdog said it would launch a formal investigation intominority investment in U.K. food delivery start-up Deliveroo. The e-commerce giant led a $575 million funding round for the buzzy online takeout app last year. Deliveroo is one of Britain's top tech success stories, with a valuation north of $2 billion.
Food delivery has proven a hot sector for investors and one on the brink of significant consolidation. Uber earlier this week announced it would sell its Eats business in India to local operator Zomato, taking a minority stake in the Ant Financial-backed firm. Following the deal, Uber CEO Dara Khosrowshahi said "Takeaway.com said that over 90% of shareholders in Just Eat had agreed to sell their stake. It said the combined company will be named "Just Eat Takeaway.com NV" on Jan.
Shares of Takeaway.com and Just Eat fell about 3% and 4% respectively following the announcement of the CMA's competition probe.
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