Thursday, June 11, 2020

Just Eat beats Uber to snap up Grubhub for £5.8bn

Planned takeover will create world’s largest food delivery service outside China

European food delivery service Just Eat Takeaway has agreed to buy the US-based app Grubhub for $7.3bn (£5.8bn) in a deal that would create the world’s largest food delivery service outside China.

Confirmation of the all-stock takeover deals a blow to Uber, which has its own food delivery business and was reportedly in discussions with Grubhub.

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from Mergers and acquisitions | The Guardian https://ift.tt/2Asu17M

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