Shareholders of online food delivery giant Just Eat Takeaway have approved its proposed $7.3B (approx €6.1B) acquisition of US rival Grubhub but rejected a pay package for the latter’s US CEO Matthew Maloney.
Earlier this year in June, Just Eat Takeaway and US-based food delivery app Grubhub entered into a definitive agreement. Now, Just Eat Takeaway is to acquire 100% of the shares of Grubhub in an all-stock transaction – a €6.5B deal – to create the world’s largest online food delivery company outside of China with customers in 25 countries.