Food delivery merger? Just Eat confirms it could be bought by Dutch rival Takeaway.com
5 years, 5 months ago

Food delivery merger? Just Eat confirms it could be bought by Dutch rival Takeaway.com

CNN  

New York CNN Business — Just Eat and Takeaway.com are battling it out in Europe’s crowded food delivery market. The boards of London-based Just Eat and Dutch company Takeaway.com confirmed in statements Saturday that they are “in discussions regarding a possible” merger agreement. A joint company could give a huge boost to the companies’ standing in the crowded food delivery sector, which is dominated by companies like GrubHub and Uber Eats. Takeaway.com, which is listed on Euronext Amsterdam, calls itself “the leading online food delivery marketplace in Continental Europe and Israel” and said it fulfilled 93.9 million orders last year.

Billion Eat Just Eat Dutch Rival  market  orders  billion  offer  confirms  value  dutch  rival  food  million  takeawaycom  bought  merger  delivery  eat

History of this topic

Just Eat Takeaway sells off struggling U.S. business Grubhub
2 days, 8 hours ago

Just Eat Takeaway sells off struggling U.S. business Grubhub

NL Times  

Meal delivery company Just Eat Takeaway has completed the sale of its US subsidiary, Grubhub, to industry peer Wonder. The Dutch-British company sold GrubHub in 2021 for 7.3 billion dollars, but this deal then proved to be a huge burden for Just Eat Takeaway. Investors were relieved when Just Eat Takeaway announced the sale of GrubHub, on which billions of …

Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
1 month, 3 weeks ago

Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion

Associated Press  

NEW YORK — European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago. Amsterdam-based Just Eat Takeaway.com acknowledged Wednesday that it had been “actively exploring” the partial or full sale of Grubhub for some time, citing prior announcements from the company. …

Just Eat Takeaway sells US arm GrubHub at a massive loss
1 month, 3 weeks ago

Just Eat Takeaway sells US arm GrubHub at a massive loss

Dutch News  

Dutch meal deliver giant Just Eat Takeaway has sold its US arm Grubhub for some $650 million to Wonder Group. Just Eat Takeaway paid $7.3 billion for Grubhub when it bought it during the height of the coronavirus pandemic in 2021 in an all share deal. “The sale of will increase the cash generation capabilities of Just Eat Takeaway.com and …

Major takeaway firm announces 300 jobs cuts worldwide
2 months ago

Major takeaway firm announces 300 jobs cuts worldwide

Daily Mail  

Just Eat is making 300 staff redundant across its global business - equivalent to 2 per cent of the food delivery giant's workforce, MailOnline can reveal today. 'Altogether, this will impact approximately 300 employees across multiple teams and markets globally, accounting for around 2 per cent of the Just Eat Takeaway.com workforce. The Just Eat third quarter trading update issued …

Just Eat owner reports best ever final quarter in UK
11 months, 3 weeks ago

Just Eat owner reports best ever final quarter in UK

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Just Eat’s parent company reported …

Just Eat increases annual earnings outlook, but orders continue to fall
1 year, 8 months ago

Just Eat increases annual earnings outlook, but orders continue to fall

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Online food delivery giant Just …

Just Eat owner to sell stake in iFood for £1.5bn
2 years, 4 months ago

Just Eat owner to sell stake in iFood for £1.5bn

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Just Eat Takeaway.com has announced …

Grubhub founder quits four months after Just Eat deal
3 years, 3 months ago

Grubhub founder quits four months after Just Eat deal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The founder of US food …

Just Eat Takeaway.com removed from FTSE as it loses UK nationality
3 years, 4 months ago

Just Eat Takeaway.com removed from FTSE as it loses UK nationality

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy One of the UK’s largest …

Investors look to earnings and US strategy in Just Eat’s results
3 years, 4 months ago

Investors look to earnings and US strategy in Just Eat’s results

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Food delivery company Just Eat …

Just Eat Takeway sees sales soar 54% in the year coronavirus hit
3 years, 9 months ago

Just Eat Takeway sees sales soar 54% in the year coronavirus hit

Dutch News  

Meal delivery company Just Eat Takeaway rose 4.4% on the Amsterdam stock exchange on Wednesday after publishing finalised 2020 results. The company, which now delivers meals in 24 countries, posted a net loss of €151m last year, due mainly to the cost of integrating the Just Eat and Takeaway brands and the take over of Grubhub in the US, the …

Just Eat Takeaway doubled its orders in Canada. It’s coming for the US next
4 years, 2 months ago

Just Eat Takeaway doubled its orders in Canada. It’s coming for the US next

CNN  

London CNN Business — Online food delivery is booming in Canada, at least for one company. Just Eat Takeaway.com said on Wednesday that orders in Canada — where it operates as Skip The Dishes — rose by 98% to 23.5 million in the third quarter compared with the same period last year. “We are now transforming that pick-up culture into …

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery
4 years, 6 months ago

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery

NPR  

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery Enlarge this image toggle caption Tomohiro Ohsumi/Getty Images Tomohiro Ohsumi/Getty Images Uber is buying the delivery app Postmates, bolstering its food-delivery business at a time when few people are hailing rides. Sponsor Message In contrast, orders for its Uber Eats food delivery service doubled during the same three-month period. …

Uber to buy Postmates for $2.65 billion
4 years, 6 months ago

Uber to buy Postmates for $2.65 billion

CNN  

New York CNN Business — Less than a month after Uber tried and failed to buy Grubhub, the ride-hailing company has won a different deal to bolster its food delivery business. Uber said Monday it has agreed to buy Postmates for $2.65 billion in an all-stock deal, calling the startup “highly complementary” to Uber Eats, its meal delivery service. “Uber …

Just Eat swallows Grubhub creating restaurant delivery giant
4 years, 6 months ago

Just Eat swallows Grubhub creating restaurant delivery giant

Associated Press  

Two pioneers in restaurant delivery — Just Eat Takeaway.com and Grubhub — are combining in a $7.3 billion deal that will create one of the world’s largest delivery companies. Amsterdam-based Just Eat Takeaway.com said late Wednesday that it was acquiring Chicago-based Grubhub, snatching it away from ride-hailing giant Uber, which had been reportedly seeking to team Grubhub with its Uber …

Home Food Over Takeaway? Online Meal Delivery Firms Knocked Off Course Due to Virus Around the World
4 years, 9 months ago

Home Food Over Takeaway? Online Meal Delivery Firms Knocked Off Course Due to Virus Around the World

News 18  

The lockdown of millions of people at home across the globe due to the coronavirus should have been the perfect recipe for success for the burgeoning online meal delivery market. An Uber spokesman said the impact of the virus had varied widely across Europe, but it had seen big increases in restaurants and shops signing up to its app. “New …

Just Eat to merge with Takeaway.com as Naspers loses out
4 years, 11 months ago

Just Eat to merge with Takeaway.com as Naspers loses out

CNN  

London CNN Business — South African tech investment company Naspers wants to become the world’s leading online food delivery business. The company’s Amsterdam-listed business unit Prosus will no longer try to buy Just Eat after its offer lapsed, Prosus said in a statement Friday. The acquisition attempt received virtually no support from the UK online food delivery company’s shareholders. Prosus …

Just Eat: A takeover battle for the UK food delivery company is heating up
5 years, 1 month ago

Just Eat: A takeover battle for the UK food delivery company is heating up

CNN  

London CNN Business — South African tech investor Naspers has sweetened its hostile bid for Just Eat, valuing the UK online food delivery company at $6.7 billion and escalatinga takeover battle with rival suitor Takeaway.com. Prosus, the European-listed tech investor owned by Naspers, said Monday that it would increase its bid for Just Eat by 30 pence to £7.40 per …

Just Eat: Prosus makes takeover bid as it tries to beat Uber Eats and Deliveroo
5 years, 2 months ago

Just Eat: Prosus makes takeover bid as it tries to beat Uber Eats and Deliveroo

CNN  

London CNN Business — The battle for the future of online food delivery just got a whole lot spicier. South African tech investment firm Naspers said it was launching a takeover offer for Britain’s Just Eat in a bid to become “the world’s leading food delivery business.” The unsolicited bid values Just Eat at £4.9 billion, and could spoil Just …

Just Eat and Takeaway.com team up to fight Uber and Amazon in Europe
5 years, 5 months ago

Just Eat and Takeaway.com team up to fight Uber and Amazon in Europe

CNN  

London CNN Business — Just Eat and Takeaway.com want to join forces to fight Uber Eats and Amazon in Europe’s crowded food delivery market. Dutch company Takeaway.com said on Monday it had reached a preliminary agreement to merge with London’s Just Eat in an all-share deal that would create a new company, Just Eat Takeaway.com. The combination could give a …

Amazon invests in UK restaurant delivery service Deliveroo
5 years, 7 months ago

Amazon invests in UK restaurant delivery service Deliveroo

CNN  

New York CNN Business — Amazon just made another big move into food, picking up a stake in one of the United Kingdom’s top restaurant delivery services. Amazon already has a presence in the food delivery space with its website’s “restaurant” section and AmazonFresh Grocery, but the investment into Deliveroo will further expand its global reach. The US firm has …

Just Eat's revenue soars as online takeaway firm targets £1bn of annual sales
5 years, 10 months ago

Just Eat's revenue soars as online takeaway firm targets £1bn of annual sales

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Just Eat has reported a …

Discover Related