EU Clears $4.8 Billion Prosus-Just Eat Deal With Conditions
The European Union gave conditional approval to Prosus, the Dutch subsidiary of Naspers, for its $4.77 billion bid for JustEat Takeaway.com, clearing a key hurdle for the transaction.
The European Commission—the bloc's executive arm tasked with reviewing large corporations' multi-billion euro mergers—said it approved the merger after Prosus offered concessions to ease concerns that the deal would hamper competition in food delivery if it goes ahead.
Prosus last month extended the acceptance period for its 4.1 billion-euro ($4.77 billion)...
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