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Just Eat Takeaway to buy Grubhub for $7.3 billion to enter U.S. market

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Just Eat Takeaway to buy Grubhub for $7.3 billion to enter U.S.

Europe’s Just Eat Takeaway.com agreed to acquire U.S.-based Grubhub Inc. for $7.3 billion, in a deal that creates one of the world’s largest meal-delivery companies as the COVID-19 pandemic drives a surge in orders.

The deal sidelines Uber Technologies Inc., which had been in acquisition talks with Grubhub for months. Political pressure raised questions about whether U.S. regulators would approve such a deal. The two companies had nearly aligned on a price but remained at odds over other issues, including terms of a breakup fee for Grubhub if the deal couldn’t be completed, people familiar with the matter said last month.

 

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