TOPLINEEuropean food delivery giant Just Eat Takeaway.com is in advanced talks to buy U.S. rival GrubHub for $7.3 billion, grabbing a share of the surging U.S. market and creating the world’s biggest food ordering service outside China. The deal comes after Uber announced on Wednesday it had pulled out of talks to merge with GrubHub, amid scrutiny from competition regulators. That deal would have combined the two of the biggest food delivery services in the U.S.. Key backgroundThe coronavirus pandemic has pushed the need for consolidation within the food delivery industry into sharp focus. TangentThe CMA is set to make a final ruling on its investigation into Amazon’s plan to buy a minority stake in London-based food delivery firm Deliveroo.

Source: Forbes June 11, 2020 09:54 UTC