In a significant move that reshapes the global food delivery landscape, technology investment giant Prosus has received conditional approval from the European Union for its $4.8 billion acquisition of Just Eat Takeaway [1]. The deal marks one of the largest consolidations in the food delivery sector, promising to create a more streamlined and efficient service across European markets.
The approval from the EU Commission represents a crucial milestone in Prosus' strategic expansion into the food delivery market. The deal, valued at 4.1 billion euros, demonstrates the continued consolidation trend in the digital food delivery sector, as major players seek to achieve economies of scale and enhance their market presence.
In related industry developments, Paramount has been making significant moves in the media streaming space, recently securing UFC streaming rights in a substantial $7.7 billion deal [2]. This seven-year agreement, set to begin in 2026, represents Paramount's first major deal following its merger with Skydance.
The media landscape continues to evolve with the Paramount-Skydance merger showing immediate impact. The consolidation has already sparked discussions about potential new projects, including the possibility of a new Star Trek film [3].
In the Asian market, SoftBank is preparing for a significant IPO of its payment subsidiary PayPay, with plans to raise over $2 billion through a U.S. listing. The company has enlisted major investment banks including Goldman Sachs, JP Morgan, Mizuho Financial Group, and Morgan Stanley to lead the offering [4].
