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EU Commission Approves $4.8 Billion Prosus' Takeover of Just Eat Takeaway

Prosus has secured conditional approval from the European Union for its $4.8âbillion (4.1 billion euros) acquisition of Just Eat Takeaway, after agreeing to sell down its 27.4% stake in Delivery Hero. Reuters reports: Amsterdam-headquartered Prosus, which is majority owned by South Africa's Na...

Reuters reports: Amsterdam-headquartered Prosus, which is majority owned by South Africa's Naspers, announced the deal in February, banking on its artificial intelligence capability to boost Just Eat Takeaway, Europe's biggest meal delivery company. The European Commission, which acts as the EU competition enforcer, said Naspers offered to significantly reduce its 27.4% stake in Delivery Hero to below a specified very low percentage within 12 months. "Our ambition is clear: to build a true European tech champion and lead the next chapter in food delivery innovation," Prosus CEO Fabricio Bloisi said in a statement.

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