for its $8 billion acquisition of Just Eat. Less than two months ago, Takeaway received antitrust clearance from the U.K. Jitse Groen, the Dutch billionaire who created Takeaway in 2000 in his university dorm room, has been looking to expand aggressively over the last year. market, broadening its already-global reach that includes Australia, Brazil and Canada, in addition to its home base in Europe. Grubhub will launch Just Eat Takeaway into the U.S. The two companies had nearly aligned on a price but remained at odds over other issues, including terms of a breakup fee for Grubhub if the deal couldn’t be completed, people familiar with the matter said last month. Political pressure raised questions about whether U.S. The deal sidelines Uber Technologies Inc., which had been in acquisition talks with Grubhub for months. Grubhub’s share price rose 4% in extended trading to about $62, while the European company fell 13%. for $7.3 billion, in a deal that creates one of the world’s largest meal-delivery companies as the coronavirus pandemic drives a surge in orders.Īmsterdam-based Just Eat Takeaway said it will pay $75.15 per share for Grubhub in an all-stock deal. (Bloomberg) - Europe’s Just Eat NV agreed to acquire U.S.-based Grubhub Inc.

Grubhub buys seamless