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TKWY - Just Eat Takeaway.com NV News Story

€90.5 0.7  0.7%

Last Trade - 4:36pm

Sector
Technology
Size
Large Cap
Market Cap £4.60bn
Enterprise Value £4.79bn
Revenue £348.2m
Position in Universe 118th / 864

BREAKINGVIEWS-UK belatedly bares antitrust teeth over tech M&A

Fri 24th January, 2020 9:58am
(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Karen Kwok LONDON, Jan 24 (Reuters Breakingviews) - Competition authorities may probe Takeaway.com’s Just Eat deal, even though the buyer doesn’t operate in Britain. As with its Amazon-Deliveroo inquiry, the regulator’s logic borders on paranoia. That’s better than the naivety it showed with Facebook’s 2012 Instagram purchase. Full view will be published shortly. On Twitter https://twitter.com/karenkkwok CONTEXT NEWS - Dutch food-delivery company Takeaway.com said on Jan. 24 that its 6.2 billion pound takeover of Britain’s Just Eat would be delayed by a week, as the UK competition regulator may look at the deal. - Britain's Competition and Markets Authority (CMA) confirmed to Breakingviews on Jan. 23 that a probe into the merger may be warranted. The CMA said in a statement on Jan. 24 that it was seeking comment on the deal from interested parties by Feb. 6. - The CMA launched an initial probe into Amazon’s purchase of a stake in UK online food-delivery company Deliveroo in June 2019, and escalated it to an in-depth investigation in December. - Shares in Takeaway.com were down 2.3% at 0908 GMT on Jan. 24. Just Eat’s shares were down 3.4%. - For previous columns by the author, Reuters customers can click on KWOK/ - SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS http://bit.ly/BVsubscribe <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Takeaway sets Just Eat deal back a week, faces competition probe urn:newsml:reuters.com:*:nL8N29T1AT CMA statement https://www.gov.uk/cma-cases/takeaway-com-n-v-just-eat-plc-merger-inquiry Takeaway.com statement https://corporate.takeaway.com/je-transaction/non-us-investors/?ufprt=F66359B76316CC44DF39AE545D6D76A9DA1491F1F2B5793F1ED542D24ACED290F57C3C693DD176AE8C6D47947E2357C2F6CDA692353A22FC4939CB07B34F4CF1F5A61966AF52F2793D61DF47EB83CB3DF5C53BC53B42E48D9037721FF43B6C5A7E9B93788EC1D2D73A3118C60604B5D123A399C9&code=2D0031007C0064006F0077006E006C006F00610064007C0031003900300039007C003200300030003400 BREAKINGVIEWS-UK $7 bln food fight’s final course: indigestion urn:newsml:reuters.com:*:nL8N28U1YR ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (Editing by Liam Proud and Oliver Taslic) ((karen.kwok@thomsonreuters.com; Reuters Messaging: karen.kwok.thomsonreuters.com@reuters.net))
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