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Grubhub is planning to merge with Just Eat Takeaway.com, 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.
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Grubhub is looking to merge with Just Eat Takeaway.com, 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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