NEW YORK (REUTERS) - European food ordering firm Just Eat Takeaway.com said on Wednesday (June 10) it had agreed to buy US peer Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company outside China.. Read more at straitstimes.com.
NEW YORK - European food ordering firm Just Eat Takeaway.com said on Wednesday it had agreed to buy US peer Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company outside China.
For Grubhub, the deal offers an escape from the antitrust concerns that plagued its talks with the Uber Eats division of ride-hailing firm Uber Technologies Inc. Experts say consolidation is long overdue in the US restaurant delivery sector, where demand is surging, especially as many people stay home to combat the spread of the novel coronavirus.
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