Takeaway.com said the U.K. competition regulator has 'reconsidered its position' on its planned takeover of Just Eat.
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.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Iran tells Europe not to follow U.S. by undermining nuclear pactIranian President Hassan Rouhani said Tehran will not seek nuclear weapons with or without the 2015 nuclear deal
Weiterlesen »
Europe stands firm on tech tax in the face of Trump's tariff threats ... for nowEurope appears to be standing firm for now when it comes to plans for digital taxes on U.S. tech giants, despite President Trump threatening to retaliate.
Weiterlesen »
Tencent bids $148 million for online games maker FuncomChina's Tencent Holdings launched a 1.33 billion Norwegian crown ($148 mill...
Weiterlesen »
Mnuchin Signals Post-Brexit Trade Deal In 2020, But Britain’s Tech Tax Could Threaten ChancesTreasury secretary Steven Mnuchin signalled a U.S.-U.K. trade deal could be inked this year, but Britain's plans to hike taxes on U.S. tech giants could threatened the deal.
Weiterlesen »