UK: Just Eat green lighted to buy food delivery rival Hungryhouse

Restaurant delivery chain Just Eat’s takeover of rival Hungryhouse has been officially given the green light by the competition watchdog.

The Competition and Markets Authority (CMA) ruled in its final decision that the deal – worth up to £240 million (US$316.6 million) – does not raise competition concerns, given the rise of new entrants such as Deliveroo, UberEATS and Amazon.

It rubber-stamped a provisional decision last month to give the deal the go-ahead. Andrew Griffith, interim chairman of Just Eat, said: “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.

“We are therefore pleased with the CMA’s decision and look forward to bringing Hungryhouse into the Just Eat family.”

The CMA said Hungryhouse offers little competition to Just Eat as it is far smaller and offers too few unique restaurants.

Full Content: IB Times

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