Grubhub

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.

According to a report on the Wall Street Journal, Uber approached Grubhub earlier this year with an acquisition offer and the companies are still discussing a deal.

Bloomberg reports a deal could be reached as soon as this month.