Activist shareholder Cat Rock, which owns a stake in both Just Eat and Takeaway.com, has criticised the Competition and Markets Authority’s (CMA) decision to launch a review of the merger.
Alex Captain, founder of Cat Rock, said: “It is shocking that the CMA would investigate the Just Eat merger with Takeaway.com.
“Takeaway.com has no UK operations, exited its minor business there over three years ago, and has stated that it had no intention to enter the UK market before the Just Eat merger.
“The CMA’s investigation seems to draw a false equivalence between Takeaway.com’s merger with Just Eat and Amazon’s investment in Deliveroo.
“Amazon has a large UK business with millions of customers that it could leverage to re-enter the UK online food delivery market and increase competition.
“Takeaway.com has no such UK presence, customer base, or brand name. It is patently absurd to compare Takeaway.com with Amazon when evaluating the outlook for future competition.”