In a slew of events since past couple of days, it has been confirmed that Just Eat Takeaway and US-based food delivery app Grubhub have entered into a definitive agreement. Now, Just Eat Takeaway is to acquire 100% of the shares of Grubhub in an all-stock transaction — a €6.5 billion deal — to create the world’s largest online food delivery company outside of China with customers in 25 countries.
Just yesterday, Just Eat Takeaway.com confirmed the tech media through a press release that the company was in advanced talks to buy Grubhub in an all-stock deal. Initially, tech giant Uber was likely in discussions with Grubhub about a deal.
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