Europe's Just Eat Takeaway in advanced talks to buy U.S. delivery firm Grubhub

AMSTERDAM/NEW YORK - European food ordering firm Just Eat Takeaway.com NV said on Wednesday it was in advanced talks to buy Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company by revenue.

For Grubhub, the deal would relieve antitrust concerns raised by its talks with the Uber Eats division of ride-hailing firm Uber Technologies Inc. Chris Sagers, who teaches at the Cleveland-Marshall College of Law, had predicted that Uber’s acquisition of Grubhub would be stopped by U.S. antitrust enforcers.

Boy the delivery time is going to be at least 8 hours.🙂

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GrubHub near merger announcement with Just Eat Takeaway as Uber pulls back on antitrust fears: reportsUber Technologies Inc. shares undefined are off about 5% in Wednesday trading after a CNBC report indicated that the company was 'likely' to pull out of its...
Source: MarketWatch - 🏆 3. / 97 Read more »

Energy firms prepare to resume U.S. Gulf of Mexico output after storm passesEnergy companies on Monday began preparations to resume oil and gas production in the U.S. Gulf of Mexico, a day after Tropical Storm Cristobal blew through with high winds and heavy rains. stage 2 ontario reopening
Source: Reuters - 🏆 2. / 97 Read more »