Deals
Just Eat Takeaway to Buy Grubhub for $7.3 Billion to Enter U.S.
- Deal creates one of world’s largest food-delivery companies
- Dutch company offered to pay $75.15 per share for Grubhub
Photographer: Cindy Ord/Getty Images
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Europe’s Just Eat Takeaway.com NV 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 coronavirus pandemic drives a surge in orders.
Amsterdam-based Just Eat Takeaway said it will pay $75.15 per share for Grubhub in an all-stock deal. Grubhub’s share price rose 4% in extended trading to about $62, while the European company fell 13%.