Just Eat Takeaway to buy Grubhub for $7.3 billion to enter U.S.
Europe’s Just Eat Takeaway.com agreed to acquire U.S.-based Grubhub Inc. for $7.3 billion, in a deal that creates one of the world’s largest meal-delivery companies as the COVID-19 pandemic drives a surge in orders.
The deal sidelines Uber Technologies Inc., which had been in acquisition talks with Grubhub for months. Political pressure raised questions about whether U.S. regulators would approve such a deal. The two companies had nearly aligned on a price but remained at odds over other issues, including terms of a breakup fee for Grubhub if the deal couldn’t be completed, people familiar with the matter said last month.
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Europe's Just Eat Takeaway to buy Grubhub for $7.3 billionEuropean food ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company outside China.
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Europe's Just Eat Takeaway in advanced talks to buy U.S. delivery firm GrubhubEuropean food ordering firm Just Eat Takeaway.com NV said on Wednesday it was in advanced talks to buy Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company by revenue.
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GrubHub near merger announcement with Just Eat Takeaway as Uber pulls back on antitrust fears: reportsUber Technologies Inc. shares undefined are off about 5% in Wednesday trading after a CNBC report indicated that the company was 'likely' to pull out of its...
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Breakingviews - Just Eat-Grubhub deal requires fistful of antacid(Reuters Breakingviews) - Consolidation in the food-delivery business in the United States is a tall order. But Grubhub Chief Executive Matt Maloney has managed to pull a deal off. The company he founded has agreed to a $7.3 billion takeover by European counterpart Just Eat Takeaway.com. There are some benefits, but swallowing the deal will require a fistful of antacid.
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