European food ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world's largest food delivery company outside China.
AMSTERDAM/NEW YORK - European food ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy U.S. peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company outside China.
The merger would open up a new market to Just Eat Takeaway, which has strong positions around Europe and in Canada. Experts say consolidation is long overdue in the U.S. 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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