Europe's Just Eat Takeaway to buy US peer Grubhub for $7.3b

Photo by Kelly Sikkema on Unsplash

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 deal would create “a company built around four of the world’s largest profit pools in food delivery: the U.S., the UK, the Netherlands and Germany,” the companies said in a joint statement.

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