After nearly a month of back-and-forth, Grubhub has walked away from a potential acquisition from Uber and will instead merge with European company Just Eat Takeaway. The all-stock deal is expected to close in the first quarter of 2021. Uber was looking to buy Grubhub because the combined food ordering and delivery service would have …
Continue reading “Grubhub spurns Uber and will merge with Europe’s Just Eat Takeaway”
Update: Just Eats Takeaway confirmed today in a release that “it is in advanced discussions with Grubhub regarding an all-share combination of Just Eat Takeaway.com with Grubhub .” More when we have it. Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an American food ordering and delivery service. Uber …
Grubhub has received interest from at least two European companies — Delivery Hero and Just Eat Takeaway.com — as potential acquirers, according to people familiar with the matter. A deal with a European buyer would likely be an easier sell to regulators. Uber’s talks with Grubhub continue and could still strike a deal to buy …
Continue reading “Grubhub has two new suitors, Just Eat Takeaway and Delivery Hero, as Uber stalls”
In a potential hint at what the U.S. delivery market might look like in a couple years, Takeaway has acquired Just Eat for $7.8 billion in an all-stock deal. Amsterdam-based Takeaway.com is at the final step before integrating operations with the U.K. operator. As of a year ago, Takeaway was the sixth-largest global operator with …
Continue reading “Takeaway.com Acquires Just Eat to form Largest U.K. Delivery Firm”
Online food ordering company Takeaway.com has won the battle for Britain’s Just Eat with a 6.2 billion pound ($8 billion) share offer that will create one of the world’s largest meal delivery companies. Takeaway said that 80.4% of Just Eat shareholders had agreed to its all-share offer, passing a 50% threshold needed to make the offer unconditional. “I am thrilled,” …
Continue reading “Takeaway seals victory in $8 billion Just Eat battle”
The fierce battle for U.K. food delivery company Just Eat JE, +1.92% has finally come to an end after Takeaway.com TKWY, +1.62% shareholders approved an all-share £6 billion takeover to create one of the world’s largest meal delivery companies. The Dutch-listed Takeway.com fought off a rival bid from Prosus, the Amsterdam-listed investment vehicle owned by South African tech giant Naspers NPN, +1.47% …
Continue reading “Takeaway.com wins fierce Just Eat battle to create online food delivery giant”
The food delivery wars in Europe remain hotter than a vindaloo, and that’s leading to some major consolidation: today Just Eat and Takeaway.com, two of the bigger take-out and delivery businesses in the region, announced they are in the “advanced stages” of a merger. The deal would help them combine forces and take on more scale to compete better …
Just Eat and Takeaway.com want to join forces to fight Uber Eats and Amazon in Europe’s crowded food delivery market.Dutch company Takeaway.com said on Monday it had reached a preliminary agreement to merge with London’s Just Eat (JSTTY) in an all-share deal that would create a new company, Just Eat Takeaway.com.Just Eat shareholders would own roughly 52% of the new business, …
…The delivery firm’s rise mirrors the growth of single-person households in the European Union, which surpassed those with children in 2013 and use such services more often. But competition is heated, with established leaders like Takeaway and Just Eat Plc competing with Uber Eats and Deliveroo, which are growing rapidly in large urban centers. Increased demand and a string of …
Continue reading “Founder of Uber Eats Rival Takeaway Now Worth $1.4 Billion”
A few days after Uber Eats announced it would withdraw completely from Austria, another food delivery service, Foodora, shares the same message. But the Delivery Hero-owned company disappears from Austria, because the parent company focuses on its other food delivery service, Mjam, instead. Last Thursday, Uber Eats said it would completely withdraw from the online delivery market …
