The Logic Behind GrubHub Acquisition? This Analyst Is Struggling to Find Some

GrubHub (GRUB) has sent Uber on its way, as it will sign on the dotted line with European company Just Eat Takeaway.Yesterday, the Nethe rlands-based food-delivery company announced that it had made an agreement with Grubhub to purchase the US food delivery app. The all share deal is worth $7.3 billion and not only represents consolidation of a food delivery powerhouse – the largest food delivery service outside China – but a coup for Just Eat, as up until yesterday, Uber Eats and GrubHub had been in talks regarding a possible merger.According to Just Eat, the deal will …read more

Source:: Yahoo Finance

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