Just Eat, HungryHouse, takeover, merger, buyout

Latest News / Just Eat gets all-clear to snap up rival Hungryhouse

Just Eat gets all-clear to snap up rival Hungryhouse

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 - 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.

Just Eat welcomed the announcement and said it now expects to complete the takeover on January 31.

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.

This would make it increasingly difficult for Hungryhouse to attract and retain

customers and added that newer, bigger rivals posed more of a threat.

The CMA also said competition concerns were eased, given that customers can order directly from takeaway restaurants, either by telephone, through their websites or by walking in.

Just Eat and Hungryhouse offer online takeaway ordering services which allow restaurants to offer customers the convenience of choosing from a large range of providers in one place.

Just Eat agreed to pay £200 million to Delivery Hero for Hungryhouse and will

shell out another £40 million, depending on performance.

The deal came as part of a spree by Just Eat as it looks to expand, with the
group also announcing the acquisition of Canadian firm SkipTheDishes alongside the Hungryhouse takeover.


PA Wire