Grubhub is looking to merge with Just Eat Takeaway.com, one of Europe's largest food delivery companies, according to aThe new company would "become the world's largest online food delivery company outside of China," Just Eat said in its statement.
Additionally, Grubhub would receive two seats on the combined company's board and CEO Matt Maloney would be brought on to run its North America operations. A source close to the deal also told Business Insider that Uber had grown frustrated with Grubhub executives over a number of issues, including their handling of merger talks, business practices that could be seen as questionable, and concerns that the company wouldn't be able to withstand a months-long regulatory review process.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Inside Net City, Tencent's 320-acre futuristic neighborhood in China - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Please don’t do this US should game up their infra they gotta stop aiding other countries and start aiding themselves. IMO
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside story of Brex layoffs after $150 million raise - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Grubhub strikes deal to merge with European food delivery giantGrubhub strikes deal to merge with European food delivery company Just Eat Takeaway after talks to join forces with Uber fall apart and competition mounts in the industry. grubhub is gross.
Source: NBCNews - 🏆 10. / 86 Read more »
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 »
Europe's Just Eat Takeaway in advanced talks to buy U.S. delivery firm GrubhubEuropean 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. Boy the delivery time is going to be at least 8 hours.🙂
Source: Reuters - 🏆 2. / 97 Read more »