UPDATE 1-Delivery service firm Takeaway's quarterly orders surge on acquisitions

Dutch online food delivery company Takeaway.com reported an 87% increase in third-quarter orders on Wednesday, driven by organic growth and acquisitions. The company processed 41.6 million orders across its markets in the period, supported by strong sales in Germany where it completed the acquisition of the local arm of the world’s biggest online food delivery firm, Delivery Hero, in April. Most players, excluding Britain’s Just Eat, are yet to produce profits as they spend heavily on marketing and acquisitions. …read more

Source:: Yahoo Finance

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