Just Eat gets the green light for its £240mn takeover of Hungryhouse
Just Eat’s buyout of takeaway delivery rival Hungryhouse has been given the go-ahead by the UK’s competition regulator.
The Competition and Markets Authority (CMA) said that Hungryhouse offers little competition to Just Eat because it is much smaller and offers only a few unique restaurants.
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The CMA added that the takeaway delivery sector was growing rapidly with companies such as Deliveroo and UberEats posing a greater challenger to Just Eat as they expand.
Competition concerns were also eased by the fact that customers can also order directly from takeaway restaurants.
Just Eat welcomed the announcement and said that it expects the takeover to be completed by 31 January 2018.
"The combination with Hungryhouse will enable us to bring benefits to even more independent restaurants while improving the service and breadth of choice that we offer consumers,” said Andrew Griffith, interim chairman of Just Eat.
"We are therefore pleased with the CMA's decision and look forward to bringing Hungryhouse into the Just Eat family."
The takeover deal comes as the group also announced the acquisition of Canadian firm SkipTheDishes.
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