Takeaway and Just Eat to merge in $10B deal to take on Deliveroo and Uber Eats in Europe

Jul 31, 2019 · techcrunch.com

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The food delivery wars in Europe remain hotter than a vindaloo, and that’s leading to some major consolidation: today Just Eat and Takeaway.com, two of the bigger take-out and delivery businesses in the region, announced they are in the "advanced stages" of a merger. The deal would help them combine forces and take on more scale to compete better with Uber Eats and Amazon-backed Deliveroo.

Both companies are currently publicly listed, Just Eat in London and Takeaway.com in Amsterdam, each with a market cap of around $5 billion.

The combined entity would have an estimated market value of more than €10 billion, or $10 billion — although the share prices are moving quickly right now — and the companies say it would them the make world’s largest online food delivery platforms, which processed 360 million orders worth €7.3 billion ($8 bilion) in 2018.

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