This archive report was first published on 13 June 2020.
On June 13, 2020, Just Eat Takeaway made history by acquiring America's Grubhub for a staggering $7.3 billion, making it the world's largest food delivery service outside China.
The acquisition edges out Uber Technologies, which had previously expressed interest in Grubhub with a potential all-stock takeover bid worth around $6.1 billion.
According to Just Eat Takeaway, the two businesses will combine without any cash changing hands, with Grubhub's shareholders owning 30% of the combined entity.
Just Eat Takeaway and Grubhub together processed 593 million orders in 2019, and have more than 70 million active customers globally.
Just Eat is a British online food order and delivery service, headquartered in London, England, and operating in 13 countries worldwide.
