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Insider UK
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insider.co.uk

Takeover creates biggest food delivery firm in US and Europe

Takeaway.com has agreed to take over Just Eat will go ahead and create the world's largest online food delivery firm outside China.

The companies said on Monday they had backed the deal as outlined on July 29, with Just Eat shareholders receiving 0.09744 new Takeaway.com shares for each of their shares.

The deal values British company Just east at nearly £5 billion, the companies said.

Amsterdam-based Takeaway.com's shares have slipped since the deal was announced to close at 77.6 euros on Friday.

The group, which will be called Just Eat Takeaway.com, will be a market leader in Britain, Germany, the Netherlands and Canada.

British firm's chairman Mike Evans said. "Together we will create one of the world's largest online food delivery platforms with leading positions in key markets."

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