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Reuters

Business

Europe's Just Eat Takeaway to buy U.S. delivery firm Grubhub for $7.3 billion

FILE PHOTO: Signage for Just Eat is seen on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville.

European food ordering firm Just Eat Takeaway.com NV <TKWY.AS> on Wednesday announced a $7.3 billion deal to buy U.S. food delivery firm Grubhub Inc <GRUB.N> and create the world's biggest food delivery company outside of China.

The all-stock deal will give Grubhub shareholders 30% of the combined company, according to the announcement.

(Reporting by Hilary Russ; Editing by Chris Reese)

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