News has just broken that Dutch online food ordering company Takeaway.com has won the battle for the UK-listed Just Eat with a €6.9 billion all-share offer. Takeaway.com was bidding against tech investment firm Prosus, with the battle beginning in August 2019.
The merged Takeaway – Just Eat will create one of the world’s largest meal delivery companies, handling orders worth more than rivals like GrubHub, Delivery Hero and Uber Eats. This news will mean increased competition for European startups like Deliveroo and newly crowned unicorn Glovo.
Dutch company Takeaway.com, founded in 2000, delivers food in 11 countries, from Portugal to Poland. In recent years it has acquired Berlin-based food ordering startup Lieferando and Delivery Hero’s German food delivery businesses Lieferheld, Pizza.de and foodora.
UK giant Just Eat, founded in 2001, is a pioneer of the online takeaway food delivery market. It provides its 28 million customers with an easy and secure way to choose, order and pay for their favourite food from over 240,000 Restaurant Partners. With a team of 3,600 spread over 12 markets across the world, it trades as Skip The Dishes in Canada, iFood in Mexico and Brazil, and Menulog in Australia and New Zealand.
The merged company will be led by Takeaway CEO Groen and will have its headquarters in Amsterdam and a listing in London, with 23 subsidiaries in countries mostly in Europe but also in Canada, Australia, and Latin America.