Takeaway and Just Eat to merge in $10B deal to take on Deliveroo and Uber Eats in Europe
https://techcrunch.com/2019/07/29/takeaway-and-just-eat-to-merge-in-10b-deal-to-take-on-deliveroo-and-uber-eats-in-europe/
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 that they are in the “advanced stages” of a merger. The deal would help them combine forces and take on more scale to compete better with Uber Eats and Amazon-backed Deliveroo.
Both companies are currently publicly listed, Just Eat in London and Takeaway.com in Amsterdam, each with a market cap of around $5 billion.