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Clearly, 2020 was never going to be a normal year for M&A activity in the face of a global pandemic. Nevertheless, there have been some standout transactions. When it comes to deals worth $5 billion or more, activity has been decidedly lumpy this year, with a notable fallow period between March and September. Many of the major deals in the year s cohort speak to broader economic and industry trends not all of them COVID-related. This list, while not comprehensive, looks at some of the key European themes at play over the past 12 months.
Last-minute deliveriesTakeaway.com secured its £6 billion (around $7.9 billion) acquisition of its rival Just Eat in January, following prolonged bidding with rival suitor Prosus that had begun the previous July with Takeaway s initial bid. The deal, which created the continent s largest food delivery company, got the final nod from regulators in April. It was a bitter loss for Prosus, which made three separate cash offers before it had to c