Just Eat Takeaway confirms it is acquiring Grubhub in an all-stock deal; the deal has an equity value of $7.3B
- Deal creates one of world's largest food-delivery companies — Dutch company offered to pay $75.15 per share for Grubhub — Europe's Just Eat Takeaway.com NV agreed …
Bloomberg
Related Coverage
- Grubhub to merge with European food delivery company Just Eat Takeaway.com following failed Uber talks CNBC
- Just Eat Takeaway acquires Grubhub for $7.3 billion to create largest food delivery firm outside China VentureBeat
- Grubhub spurns Uber and will merge with Europe's Just Eat Takeaway The Verge · Sean O'Kane
- Grubhub sells, but not to Uber Fortune
- Just Eat Takeaway to buy Grubhub for $7.3B in online food delivery push CNET · Alexandra Garrett
- Why restaurants are fed up with apps. New York Times · Shira Ovide
- Did Washington Get in Uber's Way? — Want this in your inbox each morning? New York Times
- What you need to know about the European food delivery giant that beat Uber to a deal with Grubhub CNBC · Ryan Browne
- Just Eat Takeaway buys Grubhub for $7.3 billion to enter US market TechSpot · Shawn Knight
- The upside-down delivery app world Protocol · David Pierce
- Just Eat Takeaway.com to Acquire Grubhub for $7.3 Billion coinspeaker.com · Steve Muchoki
- Just Eat Takeaway to acquire Grubhub for $7.3bn Silicon Republic · Kelly Earley
- Just Eat Takeaway to Acquire Grubhub for $7.3 Billion New York Times
- Uber Misses Out: The Information's Tech Briefing The Information
- Updated: Grubhub confirms acquisition by Just Eat Takeaway for $7.3B SiliconANGLE · Maria Deutscher
- Grubhub sells itself to Just Eat to create a food delivery giant Engadget · Jon Fingas
Discussion
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@ezramogee
Ezra Galston
on x
Very interested to see what impact this will have on Chicago tech ecosystem. We'll know the whole story soon. Looks like management will remain in place, brand will endure and hopefully jobs will stay. https://twitter.com/...
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@nongaap
Mike
on x
Did Jitse just snatch Dara's deal at the goal-line? https://twitter.com/... https://twitter.com/...
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@s8mb
Sam Bowman
on x
Here's an example of a merger that is likely to be good for consumers and competition - Takeaway doesn't compete the US atm, and can invest in Grubhub with money and tech - but that would have been blocked under the proposed Covid merger moratorium. https://www.bloomberg.com/...
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@sherman4949
Alex Sherman
on x
After about a year and a half of talks, Uber still couldn't acquire Grubhub. Uber is not thrilled. Details here: https://www.cnbc.com/...
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@pipstodollars
@pipstodollars
on x
$GRUB The deal gives Grubhub shares an implied value of $75.15, implying a total equity value of $7.3 billion on a fully diluted basis. https://www.cnbc.com/...
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@sameer_singh17
Sameer Singh
on x
This is starting to look like a private equity roll up, more than a strategic acquisition. Food delivery is hyperlocal, so acquiring overseas competitors has very little in the form of synergies. Contrast with Uber selling out to local competitors. https://twitter.com/...
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@taynixster
Taylor Lyles
on x
Maaaan. I was really hoping it would be called ‘GruberEats.’ https://twitter.com/...
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@mcwm
Mike Murphy
on x
they just ate grubhub https://twitter.com/...
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@danpriceseattle
Dan Price
on x
Delivery apps like Uber Eats/Door Dash can take 30% of money from restaurants. But it's even worse: they also put chains at the top of the search results. It's working. Chains have seen 50% more growth in online delivery than local restaurants https://www.nytimes.com/...
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@trengriffin
Tren Griffin
on x
I'm still formulating my takeaway from this acquisition. https://www.cnbc.com/...
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@stevekovach
Steve Kovach
on x
Uber stmt on the failed deal: “Like ridesharing, the food delivery industry will need consolidation in order to reach its full potential for consumers and restaurants. That doesn't mean we are interested in doing any deal, at any price, with any player.” https://www.cnbc.com/... …
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@sherman4949
Alex Sherman
on x
Uber may hope an activist takes up its cause and demands Grubhub rethink its sale if Just Eat Takeaway shares keep falling and Grubhub's associated value sinks. Still, would an Uber deal get past regulators? https://www.cnbc.com/...
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@martinsfp
Martin Sfp Bryant
on x
A transatlantic takeaway empire is born. https://twitter.com/...
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@stevekovach
Steve Kovach
on x
Just Eat Takeaway confirms its in talks to merge with Grubhub as Uber is expected to back out of merger. https://www.cnbc.com/...
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@lauren_feiner
Lauren Feiner
on x
Antitrust pressures are weighing on the merger talks between Uber and Grubhub. Now, Uber is close to pulling out of the potential deal. https://www.cnbc.com/...