Just Eat Takeaway.com completes acquisition of Grubhub
Just Eat Takeaway.com has completed its acquisition of Grubhub after the Competition and Markets Authority (CMA) cleared the $7.3b deal, which will create the world's largest online food delivery company outside of China.
The transaction represents Just Eat Takeaway.com's entry into the United States. Grubhub founder Matt Maloney is to be appointed to the Just Eat Takeaway.com's management board, while Lloyd Frink and David Fisher will join the supervisory board.
Jitse Groen, chief executive and founder of Just Eat Takeaway.com, said: "I have always believed that the combination of Takeaway.com, Just Eat and Grubhub is a winning combination. The new company is the market leader in Europe, Canada and Australia, with very strong positions in the most important markets in the United States. It is humbling to run such a company after our start in Holland more than 20 years ago. We welcome Matt and his team to this great company."
Maloney added: "I couldn't be more excited to enter this next chapter of Grubhub's story with the global leadership and experience of the Just Eat Takeaway team. Our companies share an unwavering focus on supporting restaurants and our communities around the world. Together we will continue to innovate and break new ground in our industry as we each have separately for the past 20 years."