Just Eat Takeaway confirms it’s gobbling up Grubhub in a $7.3B deal

Just Eat Takeaway confirms it’s gobbling up Grubhub in a $7.3B deal

4 years ago
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https://techcrunch.com/2020/06/10/just-eat-takeaway-confirms-its-gobbling-up-grubhub-in-a-7-3b-deal/

Consolidation in the world of on-demand food ordering and delivery continues apace. Today, Just Eat Takeaway — the European company that only just got its own $7.8 billion merger approved by regulators in April of this year — officially announced that it has reached an agreement to acquire Grubhub in the U.S. for an enterprise value of $7.3 billion.

The company said the combined operation — which processed 593 million orders in 2019 — will have over 70 million combined active customers globally.

Just Eat Takeaway confirms it’s gobbling up Grubhub in a $7.3B deal

Jun 10, 2020, 11:28pm UTC
https://techcrunch.com/2020/06/10/just-eat-takeaway-confirms-its-gobbling-up-grubhub-in-a-7-3b-deal/ > Consolidation in the world of on-demand food ordering and delivery continues apace. Today, Just Eat Takeaway — the European company that only just got its own $7.8 billion merger approved by regulators in April of this year — officially announced that it has reached an agreement to acquire Grubhub in the U.S. for an enterprise value of $7.3 billion. > The company said the combined operation — which processed 593 million orders in 2019 — will have over 70 million combined active customers globally.