Amsterdam-based Just Eat Takeaway.com N.V. and Grubhub Inc. said this morning that the companies have received all required regulatory approvals for Just Eat to buy Grubhub, according to a news release. The combination should be finalized in the first part of next year and will create one of the world's largest third-party delivery providers. The news marks the second major third-party delivery acquisition in less than two months, following Uber's announced acquistion of Postmates in July.
Just Eat Takeaway.com said in June that it had entered into an agreement to acquire 100% of the shares of Grubhub in an all-share combination. The Committee on Foreign Investment in the United States has finished its review of the transaction and found no unresolved national security concerns. In July, the United Kingdom Competition and Markets Authority and U.S. Federal Trade Commission each took action to clear the way for the acquisition.
Just Eat Takeaway.com and Grubhub said Friday that they had amended their merger agreement to extend the long stop date from June 10 next year, to Dec. 31, 2021. The transaction is subject to the approval of both of their shareholders, as well as other closing conditions, but the companies expect the deal to be completed by the first half of 2021.
Just Eat Takeaway.com delivers for more than 205,000 connected restaurants and is a leading player in the U.K., Germany, the Netherlands, Canada, Australia, Austria, Belgium, Bulgaria, Denmark, France, Ireland, Israel, Italy, Luxembourg, New Zealand, Norway, Poland, Portugal, Romania, Spain and Switzerland. It aslos has partnerships in Mexico, Colombia and Brazil.
Grubhub features over 300,000 restaurants in more than 4,000 U.S. cities. The Grubhub portfolio of brands includes Grubhub, Seamless, LevelUp, AllMenus and MenuPages
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