Dutch food delivery firm Just Eat Takeaway is to acquire Grubhub in an all-stock deal, the companies announced Wednesday, ending Uber’s hopes of merging with Grubhub. Just Eat said the deal valued Grubhub at $7.3 billion, a considerable premium to Grubhub’s market capitalization of a little above $5 billion although the true value of the deal will depend on where Just Eat shares trade...
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Inside the Culture Clash at JPMorgan and WePay
When JPMorgan Chase struck a $400 million deal to buy WePay in late 2017, it pledged that the Bay Area fintech would become “Chase’s payments innovation incubator in Silicon Valley,” helping the country’s biggest bank compete with surging startups Stripe and Square and payments companies like PayPal. But it didn’t all go to plan. As the bank tried to digest the...
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