All rights reserved. Analysts at Barclays said: “Just Eat shareholders would be getting the best operator in the space to run the business – a notable shift from missed execution from management in the last few years.”. A bid from Uber Eats or Deliveroo would raise competition issues, and these could also affect Amazon. “There is unprecedented competition in this global market, with lots of new parties,” said Takeaway Founder and CEO Jitse Groen, who will lead the merged company. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. The company's Amsterdam-listed business unit. Speculation about a rival bidder pushed Just Eat shares comfortably above the offer terms. We've built our business on having the widest choice available on our platform – connecting millions of customers with over 155,000 restaurants across 24 countries - with Under the plans,’s boss, Jitse Groen, would become chief executive of the new company. © 2020 Guardian News & Media Limited or its affiliated companies. Headquarters Just Eat Oosterdoksstraat 80 1011 DK Amsterdam The Netherlands We are are the largest food-order site in the Netherlands. After four years, the merger should save $22.2 million for both companies. The combined company would be an exceptionally high-quality business with formidable market positions in major countries, fantastic growth prospects and world-class management.”. Just Eat agreed terms with its Dutch rival in a deal that would create one of the world’s biggest online food delivery companies. Launched by five Danish entrepreneurs in 2001, Just Eat originally linked customers to restaurants that handled their own deliveries. Most stock quote data provided by BATS. Factset: FactSet Research Systems Inc.2018. Bloomberg reported that the two companies agreed on a $6 billion all-stock deal. Just Eat shareholders will receive 0.09744 new shares from, for each share they own. The UK company’s shares closed up 22.7% at 780p. It is a domain having amsterdam extension. Available for everyone, funded by readers, Planned takeover will create world’s largest food delivery service outside China, Threat of stringent rules on foreign takeovers comes as UK clashes with China on Hong Kong, Barcelona-based firm is thought to have fought off bids from Unilever, L’Oréal and Shiseido, Further growth on the menu as Dutch firm’s boss hails merger as ‘dream combination’. Once you eat the edible, it travels to your gut where it’s broken down and the food is converted into energy. Rush shipping is often free. Just Eat was valued at $5.7 billion according to the terms of the deal, and’s shares dropped around 8 percent since the deal was revealed last week. The report explores consumers’ interest in real-time payments and their willingness to switch to financial institutions that offer such capabilities. Analysts speculated there could be a counterbid, possibly from the Berlin-based Delivery Hero or the South African internet and media company Naspers. That ambition took a major blow on Friday. In 2018 Just Eat had 26.3 million customers while had 14.1 million, Just Eat had 221 million orders versus’s 94 million; Just Eat’s revenue was £780m versus’s €232m; and Just Eat’s underlying profit (Ebitda) was £180m versus an adjusted loss of €11m for Combined, Just Eat and had 360m orders worth €7.3bn in 2018 and strong positions in the UK, Germany, the Netherlands and Canada. Disclaimer. This fourth-grader doesn't have WiFi at home. All rights reserved. Around $10 million in savings are expected in the first year of the merger. There have been a flurry of deals in the fast-growing online food delivery market, with competition heating up from Uber Eats and Deliveroo. As no active threats were reported recently by users, is SAFE to browse. UK firm sparks possible bidding war after agreeing terms with Dutch rival, Mon 29 Jul 2019 14.52 BST Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Under the terms of the agreement, Just Eat shareholders would receive 0.09744 shares for each Just Eat share and would own 52.2% of the combined group. Get our hottest stories delivered to your inbox. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. This website is estimated worth of $ 8.95 and have a daily income of around $ 0.15. Groen has described the UK as one of the best three markets in Europe, along with the Netherlands and Poland. About: Accelerating The Real-Time Payments Demand Curve:What Banks Need To Know About What Consumers Want And Need, PYMNTS  examines consumers’ understanding of real-time payments and the methods they use for different types of payments. Grubhub has reached an agreement to be acquired by Amsterdam-based Just Eat in an all stock deal valued at $75.15 a share, or a total of $7.3 billion. It made a pretax profit of £101.7m last year, following a £76m loss in 2017. The new company will be called Just Eat Takeaway, and it said it's going to be a leader in the food delivery markets in Canada, U.K., the Netherlands and Germany. Just Eat bought the UK firm HungryHouse in January 2018, and in December acquired Delivery Hero’s food delivery business in Germany. Just Eat beats Uber to snap up Grubhub for £5.8bn, Anti-buyout law would hit UK recovery, say business groups, Spanish Puig snaps up Charlotte Tilbury makeup empire, Just Eat and cleared to form £6.2bn food courier giant, Just Eat takeover battle heats up as rivals make new bids, Virgin Media and O2 owners confirm £31bn mega-merger in UK, Computer firm HP rejects takeover approach by Xerox, Just Eat: Prosus ups offer to £5.1bn in battle. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Prosus' online food delivery empire spans 41 countries and includes stakes in Europe's Delivery Hero, iFood in Brazil and India's Swiggy. The two companies have little geographical overlap apart from Switzerland. was founded in 2000 and operates in 10 European countries as well as Israel and Vietnam, but it does not have a presence in the UK. 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