Business • Economy
2020-06-11T17:00:01+00:00

Just Eat Takeaway acquires Grubhub for $7.3 billion

European food delivery app Just Eat Takeaway has agreed to buy US rival Grubhub in a $7.3 billion all-stock deal. If the takeover is completed it will create the world's biggest food delivery company outside China.

For Grubhub, the deal offers an escape from the antitrust concerns that plagued its talks with the Uber Eats division of ride-hailing firm Uber.

The new company will have more than 70 million active customers who place close to 600 million orders a year.

Pentributor:
Co-founder of Pendect, passionate about open source and knowledge sharing. Made in Mooca.
Card reviewed by: @ash