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Online Services & Delivery

Europe's Just Eat Takeaway to buy U.S. delivery firm Grubhub for $7.3 billion

Melanie Wong | Jun 10, 202010:44 PM     1

"."..Running an operation on the other side of the Atlantic, which Maloney will continue to oversee, means Just Eat boss Jitse Groen will have to maintain Grubhub’s sales force and keep the spigot on for costly customer acquisitions and restaurant retention. Any cost savings, should they exist, are nowhere near what could have been achieved with a Grubhub-Uber Eats union. UBS put those at somewhere north of $500 million by slashing 30% of Grubhub’s operating expenses.

Second, Just Eat is entering a cut-throat market and will have to compete not only with Uber Eats, but DoorDash and Postmates too. The most logical answer is for some of these stateside players to join forces. But the regulatory hurdles for clearance are quite high...

Breakingviews - Just Eat-Grubhub deal requires fistful of antacid

(Reuters Breakingviews) - Consolidation in the food-delivery business in the United States is a tall order. But Grubhub Chief Executive Matt Maloney...

www.reuters.com
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