European Commission Approves Naspers' €4.1bn Acquisition of Just Eat Takeaway.com Amid Concerns Over Market Dominance

The European Commission has approved the €4.1bn acquisition of Just Eat Takeaway.com by Naspers, but with conditions. Naspers must reduce its shareholding in Delivery Hero below a certain percentage within 12 months to prevent competition issues. The deal is notable as it is unusual for the Commission to demand a major sell-off of shares in another company during a Phase I review.

The European Commission has approved Naspers' €4.1 billion acquisition of Just Eat Takeaway.com, but with significant conditions. The deal, announced earlier this year, has now cleared the regulatory hurdles, but Naspers must reduce its shareholding in Delivery Hero to below a certain percentage within 12 months to address potential competition issues [1].

This approval is notable as it is unusual for the Commission to demand a major sell-off of shares in another company during a Phase I review. The Commission's swift decision reflects its commitment to maintaining a competitive food delivery market in Europe. Naspers and Just Eat Takeaway.com have expressed their satisfaction with the approval, stating that it allows them to move forward with integrating the food delivery company into their ecosystem [1].

The approval comes with a set of commitments from Naspers to ensure a level playing field in the European market. These include reducing Naspers' equity stake in Delivery Hero over a 12-month period and not recommending or appointing any future individuals connected with Naspers to Delivery Hero's Management or Supervisory Boards. These actions aim to facilitate a smoother integration of Just Eat Takeaway.com and to foster a dynamic and competitive food delivery sector in Europe [1].

The acquisition is part of Naspers' broader strategy to build a Europe-based food delivery champion, leveraging its strong industry experience and AI capabilities. The integration of Just Eat Takeaway.com into the Prosus ecosystem is expected to accelerate growth, enhance customer experiences, and unlock new value for partners, drivers, and shareholders [1].

The acceptance period for shareholders to tender their shares under the offer ends on October 1, 2025, at 17:40 hours CEST. Prosus has declared the offer unconditional if all other conditions are satisfied or waived by the closing date, including the acceptance threshold for the transaction having been met [1].

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-11:newsml_RSK8532Ua:0-reg-prosus-nv-naspers-limited-obtained-regulatory-clearances-to-close-just-eat/