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Just Eat Takeaway CEO Jitse Groen says the combined companies will ‘push back’ on rivals giving away food for free; the delivery group will have more than 360,000 restaurant partners in 25 countries
In the third-party delivery horse race, Just Eat Takeaway from the Netherlands has emerged as the longshot winner that came out of nowhere to cross the finish line and win the ultimate prize: dominance in the restaurant delivery sector.
By taking over controversial U.S. third-party delivery operator Grubhub in a deal valued at $7.3 billion, Just Eat Takeaway gains instant access into the coveted and highly competitive U.S. market — a missing piece in its worldwide presence. The sale creates a combined group that will have more than 360,000 restaurant partners in 25 countries, serving 70 million active consumers.
“The acquisition of Grubhub is critical to our long-term mission to be the best food delivery company on the planet,” Jitse Groen...
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