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Grubhub, following failed talks with Uber, is now planning to merge with European food delivery service Just Eat (UBER, GRUB)

grubhub delivery bike NEW YORK, NEW YORK - MAY 18: A Grubhub delivery person rides a bicycle on 42nd street during the coronavirus pandemic on May 18, 2020 in New York City. COVID-19 has spread to most countries around the world, claiming over 320,000 lives with over 4.8 million infections reported. (Photo by Noam Galai/Getty Images)Noam Galai/Getty Images

Grubhub is planning to merge with Just Eat, the European food delivery company announced in a press release Wednesday.
Under the terms of the proposed deal, Just Eat is valuing Grubhub at $75.15 per share, or roughly $7.3 billion.
The announcement comes after Uber reportedly abandoned discussions to acquire Grubhub due to concerns about antitrust scrutiny.
A source familiar with the Uber deal also told Business Insider that talks fell apart because of issues the company had with some of Grubhub’s core business practices and leadership.
Visit Business Insider’s homepage for more stories.

Grubhub is looking to merge with Just Eat, one of Europe’s largest food delivery companies, according to a press release from Just Eat on Wednesday.

The new company would “become the world’s largest online food delivery company outside of China,” Just Eat said in its statement.See the rest of the story at Business Insider

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