Britain clears's purchase of Just EatBritain clears's purchase of Just Eat
Signage for Just Eat is seen on the window of a restaurant in London

LONDON (Reuters) – Britain’s competition regulator on Thursday cleared online food delivery company’s takeover of UK rival Just Eat, saying the 6.2 billion pound ($7.7 billion) deal would not reduce competition.

Amsterdam-based beat tech investment giant Prosus in a battle to buy Just Eat in January.

Britain’s Competition and Markets Authority (CMA)investigated the deal to see if would have been likely to re-enter the UK market without the acquisition, thereby creating competition to Just Eat and the likes of Uber Eats and Deliveroo.

It concluded there was not a material likelihood of that happening if it blocked the deal, and it therefore gave it the green light.

(Reporting by Paul Sandle, editing by James Davey)