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A takeover offer for Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has been confirmed by South African tech group Prosus, which plans to merge the European group with its Brazil-based iFood business. An €20.30 per share cash offer has been recommended by the JET management board and supervisory board.
Food delivery platform Just Eat Takeaway was sold to tech investor Prosus. The deal, worth 4.1 billion euros (about $4.3 billion), will make Netherlands-based Just Eat Takeaway a private company, according to a Monday (Feb. 24) press release.
Online food delivery marketplace Grubhub said Monday (Feb. 3) that it recently identified an incident involving a third-party contractor in which there was unauthorized access to certain user contact information.
NEW YORK--(BUSINESS WIRE)--Origin Ventures promotes Jacquie Marshall Siegmund to Partner.
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has finally got shot of its disastrous US acquisition GrubHub after its sale to start-up WonderGroup was signed off today. Amsterdam-listed Just Eat bought the Chicago-based business in 2021 for US$7.3 billion but put it up for sale just a year later as sales plummeted once the pandemic lockdowns came to an end.
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) shares eased lower as growth in the third quarter came in at the bottom of its guided range for the year. Excluding the US, gross transaction value or GTV was 2% compared to a forecast range of 2-6%.
Consumers across the United States will soon be able to have Starbucks orders delivered to their door by Grubhub. The coffee retailer and the food ordering and delivery marketplace announced their new delivery partnership in a Thursday (June 6) press release.
Adam DeWitt, who ran Grubhub alongside co-founder and former CEO Matt Maloney for years, is stepping down as CEO of the European-owned company.
Just Eat Takeaway.com NV on Wednesday said it swung to adjusted Ebitda profitability for the second half of 2022, and reported a 12% fall in fourth quarter orders.
In this episode of Influencers, Andy Serwer spoke with Grubhub Co-Founder Mike Evans to discuss the labor market, the food delivery business, and the development of Grubhub.