Just Eat Acquiring Grubhub for $7.3 Billion

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LONDON — On Wednesday, Just Eat Takeaway.com announced it was acquiring Chicago-based Grubhub. Just Eat Takeaway.com said it will acquire 100 per cent of Grubhub’s shares at an implied value of $75.15 per share. The deal is expected to close in the first quarter of 2021.

Just Eat Takeaway.com and Grubhub processed 593-million restaurant orders in 2019 and have about 70-million users worldwide. Combined, they will be the largest restaurant-delivery company outside China.

In Canada, Just Eat provides service through SkipTheDishes, its subsidiary headquartered in Winnipeg. Just Eat Takeaway.com also provides deliveries in Europe, Australia, Israel, New Zealand, Mexico and Brazil.

Grubhub, also present in Canada, operates in 4,000 U.S. cities. Matt Maloney, Grubhub’s founder and CEO, will join Just Eat Takeaway.com’s board and will lead the company’s North-American business. The merger will allow the companies to share technology and marketing costs and provide the broadest range of services to restaurants and consumers, the companies said in a release.

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