![]() ![]() ![]() read moreĪmazon will receive warrants representing 2% of Grubhub's shares, and an additional 13% of shares conditional on the deal bringing Grubhub enough customers.Īmazon's stock rose more than 1%, while Uber shares fell about 4% and Doordash tumbled about 7%. ![]() Demand has waned since the height of the pandemic, and it has lost market share to Doordash (DASH.N) and Uber Eats (UBER.N). Shareholders have demanded it sell or find a partner for Grubhub, which it bought last year for $5.8 billion. The deal is a major relief for Europe's largest meals company, whose stock had fallen 70% this year. Shares in Just Eat Takeaway rose more than 15% to 15.86 euros in Amsterdam trading. Prime members, hoping to boost subscriptions with a renewed push into meal delivery.Īnnounced ahead of Amazon's July "Prime Day" marketing blitz starting Tuesday, the deal lets the online retailer's loyalty club members use Grubhub without delivery fees on orders over $12 in more than 4,000 U.S. July 6 (Reuters) - Inc (AMZN.O) has secured the right to buy a 2% stake in Just Eat 's (TKWY.AS) Grubhub and will offer no-fee access to the service for a year to U.S. ![]()
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