Global investment group Prosus has received approval from the European Commission to acquire delivery platform Just Eat Takeaway (JET).

This marks the final regulatory clearance needed to complete the £3.4bn acquisition, which was announced earlier this year.

Fabricio Bloisi, Prosus’ CEO said: “We’re thrilled by the European Commission’s swift approval of our acquisition of JET. Innovation doesn’t wait, and we can now get to work quickly, as AI is rapidly reshaping food delivery. This milestone marks a bold investment in Europe’s AI future and strengthens our commitment to the continent.

“With JET’s trusted brand and leading positions, combined with Prosus’ technical expertise and global scale, we’re poised to accelerate growth, enhance customer experiences, and unlock new value for our partners, drivers, and shareholders. Our ambition is clear, to build a true European tech champion and lead the next chapter in food delivery innovation.”

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Prosus plans to expand its portfolio with a Europe-based delivery platform and grow the delivery company with the integration of AI tools.

Just Eat Takeaway.com chief executive Jiste Groen said at the time of the acquisition announcement in February: “Prosus already has an extensive food delivery portfolio outside of Europe and a proven track record of profitable growth through investment in our customer and driver experiences, restaurant partnerships, and world-class logistics, powered by innovation and AI.

“We believe that combining Prosus’ strong technical and investment capabilities with Just Eat Takeaway.com’s leading brand position in key European markets will create significant value for our customers, drivers, partners, and shareholders.”

The deal is expected to be finalised around October, subject to approval of the next steps.