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Briefing
uber/lyft

Just Eat Takeaway Reaches Grubhub Merger Deal

By
Martin Peers
· · Source: The Information

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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