EU Approves Prosus' $4.8 Billion Just Eat Takeover with Conditions

Prosus' €4.1 billion takeover of Just Eat Takeaway.com has been given conditional EU approval after the Dutch food delivery firm agreed to reduce its stake in rival Delivery Hero. Prosus pledged to cut its holding in Delivery Hero to a "very low percentage" within 12 months and not exercise voting rights or nominate representatives to its board. The acquisition would make Prosus the fourth-largest food delivery group globally.

The European Commission has given conditional approval to Prosus' €4.1 billion acquisition of Just Eat Takeaway.com (JET), following the Dutch food delivery firm's agreement to reduce its stake in rival Delivery Hero [2]. The approval is subject to Prosus cutting its holding in Delivery Hero to a "very low percentage" within 12 months and refraining from exercising voting rights or nominating representatives to the board. This deal would make Prosus the fourth-largest food delivery group globally, behind Uber Technologies Inc., DoorDash Inc., and China’s Meituan [2].

The European Commission's decision was influenced by Prosus' pledge to divest its stake in Delivery Hero, which was seen as a way to allay competition concerns [2]. The Commission stated that the acquisition would not distort the market and would not harm consumers, as Prosus agreed to reduce its influence in the rival company [2]. The approval comes amidst a wave of consolidation in the food delivery industry, which has seen intense price competition since the pandemic [2].

This acquisition is significant for Prosus, which currently holds several food delivery investments globally, including full control of Brazil’s iFood, a stake in Delivery Hero, and a 25% share in India’s Swiggy [2]. The addition of Just Eat Takeaway.com would strengthen Prosus' portfolio, expanding its reach to 17 markets, including the UK, Germany, and the Netherlands [2].

The Commission's decision highlights the EU's commitment to maintaining a competitive market, especially in the food delivery sector, which has seen recent antitrust issues. The approval sends a clear warning to the industry, emphasizing that any anticompetitive behavior will not be tolerated [2]. This approval also comes in the wake of the European Commission's recent fine against Delivery Hero and Glovo for a "no-poach" agreement, which was seen as a significant turning point in EU antitrust enforcement [3].

In summary, Prosus' acquisition of Just Eat Takeaway.com has been given conditional EU approval, subject to certain conditions aimed at maintaining market competition. This deal is part of a broader trend of consolidation in the food delivery industry, driven by intense price competition and evolving consumer behaviors.

References:
[1] https://ec.europa.eu/commission/presscorner/detail/en/ip_25_1951
[2] https://www.bloomberg.com/news/articles/2025-08-11/prosus-4-1-billion-just-eat-deal-wins-conditional-eu-approval
[3] https://www.gtlaw.com/en/insights/2025/8/european-commission-fines-delivery-hero-and-glovo-eur-329-million-in-first-labor-market-cartel-case