Just Eat Takeaway enters US market as Grubhub acquisition completes

(Alliance News) - Just Eat Takeaway.com NV on Tuesday said it has completed its USD7.3 billion ...

Alliance News 15 June, 2021 | 9:47AM
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(Alliance News) - Just Eat Takeaway.com NV on Tuesday said it has completed its USD7.3 billion all-share purchase of Chicago, US-headquartered Grubhub Inc.

This marks Just Eat Takeaway's entry into the online food delivery space in the US.

"I have always believed that the combination of Takeaway.com, Just Eat and Grubhub is a winning combination. The new company is the market leader in Europe, Canada and Australia, with very strong positions in the most important markets in the United States," said Jitse Groen, chief executive & founder of Just Eat Takeaway.com.

The deal was first announced in June last year. Grubhub held talks with ride-hailing giant Uber Inc but the discussions fell apart over price, it was reported, and the firm was instead snapped up by London-listed Just Eat Takeaway.

Shares in Just Eat Takeaway were up 2.1% at 6,492.00 pence in London on Tuesday morning.

By Lucy Heming; lucyheming@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Just Eat Takeaway.com NV 6,380.00 GBX 1.11

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