are seamless and grubhub the same company

Both of us have a firm belief that only businesses with high-quality and profitable growth will sustain in our sector. “Matt and I are the two remaining food delivery veterans in the sector, having started our respective businesses at the turn of the century, albeit on two different continents. Jitse Groen, CEO and founder of Just Eat, will lead the combined business globally. Matt Maloney, CEO and founder of Grubhub, will join the Just Eat management board and will lead the combined group’s businesses across North America. This gives Grubhub a total equity consideration (on a fully diluted basis) of $7.3 billion. This is an all-share deal, where Grubhub shareholders will get 0.6710 Just Eat ordinary shares in exchange for each Grubhub share, representing an implied value of $75.15 for each Grubhub share (based on the undisturbed closing price of Just Eat on Jof €98.602), the companies said. Just Eat Takeaway said the combined operation - which processed 593 million orders in 2019 - will have over 70 million combined active customers globally. It also represents a major competitive swipe, as Uber Eats had also been trying to acquire the U.S. The acquisition is not just a big piece of M&A in the food delivery space. in an all-share deal for an enterprise value of $7.3 billion. Today, Just Eat Takeaway - the European company that only just got its own $7.8 billion merger approved by regulators in April of this year - officially announced that it has reached an agreement to acquire Grubhub in the U.S. Consolidation in the world of on-demand food ordering and delivery continues apace.

Are seamless and grubhub the same company