Dutch-based Takeaway had acquired Just Eat in January for $7.8 billion. Just Eat Takeaway said it expects to close the deal in the first quarter of 2021, pending shareholder and regulatory approval. Chris Sagers, who teaches at Ohio’s Cleveland-Marshall College of Law, said a deal between Grubhub and Just Eat Takeaway should win easy approval from US antitrust enforcers. The companies said in a presentation that Just Eat Takeaway had 2019 revenues of 1.5 billion euros ($1.7 billion), compared with Grubhub’s 1.2 billion euros. Groen owns a 10.29% stake in Just Eat Takeaway ahead of the Grubhub deal.

Source: Hindustan Times June 11, 2020 09:11 UTC