Delivery service Takeaway.com wants to buy competitor Just Eat

30-Jul-2019 - Netherlands

A major merger is underway among the European food delivery services. The Dutch company Takeaway.com wants to buy its British competitor Just Eat, as both companies confirmed over the weekend. Previously, the British television station "Sky" had reported on the plans.

It is not certain whether there will be an offer at the end of the talks and under what conditions this will be done, the companies explained further. Under UK law, Takeaway.com has until 24 August to make an offer to Just Eat shareholders.

The Dutch operate the portal Lieferando.de in Germany.

At the end of last year, Takeaway had announced that it would be taking over the German business of Delivery Hero (Lieferheld, Pizza.de and

Foodora) for almost one billion euros. According to earlier information, the transaction should be completed in the first half of 2019.

Takeaway, with more than 2,600 employees, connects consumers with almost 44,000 restaurants via the platform, according to its own figures.

With a market capitalization of 5.1 billion Euros, Takeaway.com is slightly larger than Just Eat with the equivalent of 4.8 billion Euros. (dpa)

Note: This article has been translated using a computer system without human intervention. LUMITOS offers these automatic translations to present a wider range of current news. Since this article has been translated with automatic translation, it is possible that it contains errors in vocabulary, syntax or grammar. The original article in German can be found here.

https://www.yumda.com/en/news/1162145/delivery-service-takeaway-com-wants-to-buy-competitor-just-eat.html