News Formal

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

  • 📰 latimes
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 82%

United States News News

United States United States Latest News,United States United States Headlines

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.

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:

 /  🏆 11. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Still gonna deliver cold food

United States United States Latest News, United States United States 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 »