It's the end of an era as JustEat is set to buy rival Hungryhouse
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In November of last year, food delivery service Just Eat was given the thumbs up to buy its rival Hungryhouse. Just Eat and Hungryhouse
are online ordering and delivery services that let customers choose from a list of local restaurants and fast food stores.
The Competition and Market Authority cleared Just Eat's acquisition of Hungryhouse stating that the takeover does not raise competition concerns as it was too small in size and offered few unique restaurants Deliveroo which was founded in 2013 is being noted as 'exerting a stronger constraint on Just Eat than Hungryhouse' which is likely to grow in the future.
The CMA found that Hungryhouse posed insignificant competition. According to the provisional findings report published in October, Just Eat had a net revenue of £237.1 million in the UK compared to reported revenues of £29.1 million by Hungryhouse.
The report cited uncertainty about Hungryhouse's future profitability as it had been operating at a loss for a number of years.
In an email sent to members, Hungryhouse confirmed that they were joining forces with its rival Just Eat.
They did not go into detail about the merger, instead, they reassured customers that it was operating as normal to keep delivering the best takeaway possible.
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