Takeaway.com previously ran its own U.K. food delivery operation, but sold its customer portfolio in the country to Just Eat in 2016. With nearly 250,000 connected restaurants, Just Eat Takeaway.com offers consumers a wide variety of food choices. All Rights Reserved. And there are other rivals vying for dominance across various markets, from Britain's Deliveroo to Spain's Glovo. A Just Eat and Takeaway merger will have the two food delivery companies becoming one.Here's what to know about the merger deal between Just Eat (OTCMKTS:JSTTY) and Takeaway. The Company offers mobile application for ordering and delivering of food and beverages. At the time, a spokesman said the firm was "regularly looking at potential transactions to evaluate new opportunities.". Following its approval of the Just Eat-Takeaway.com deal, the CMA said it agreed there was no "material likelihood" that Takeaway.com could have re-entered the U.K. market without the Just Eat deal. [14] In 2018, the commission for using the platform from was increased from 12% to 13%. I read your post. [22] On 11 June, the company announced that it would acquire, in an all-stock transactions, US-based Grubhub - valuing the deal at $7.3 billion. A couple of remarks though. Deliveroo last year won a $575 million investment round led by Amazon. Bruger bedømmelser, betal kontant eller kort, levering direkte til døren. Just Eat Takeaway.com bagged 63.8 million orders in Britain in the first quarter, growing 96% year on year from Takeaway and Just Eat’s joint orders. Get this delivered to your inbox, and more info about our products and services. Takeaway.com is an intermediary online portal between the customer and the restaurants, where customers can order food online from restaurants’ menus, and have it delivered by the restaurants directly to their home. The Misconception - Just Eat Takeaway. Just Eat Takeaway.com is a leading global online food delivery marketplace, connecting consumers and restaurants through its platform in 23 countries. "Ultimately, this doesn't change what has pressured Grubhub's profitability which has been driven by a cut-throat environment driving discounting and elevated marketing spend.". © 2021 CNBC LLC. [4] Following clearance by the UK's Competition and Markets Authority on 22 April 2020, Takeaway.com merged with British food delivery service Just Eat, in February 2020.[5]. Just Eat Takeaway.com didn't exist up earlier this year, after Amsterdam-based Takeaway.com bought London-headquartered Just Eat for £6.2 billion ($7.8 billion). Investors appeared unhappy with the deal initially, with Just Eat Takeaway.com's stock price sinking 13% by Wednesday's market close. Takeaway.com is an intermediary online portal between the customer and the restaurants, where customers can order food online from restaurants’ menus, and have it delivered by the restaurants directly to their home. Last June, Just Eat Takeaway, one of the largest food delivery businesses in the world, announced plans to merge with Grubhub in the U.S. after Grubhub’s talks with Uber fell through. Here's what you need to know about the company that beat Uber to a deal with Grubhub. Just Eat Takeaway.com is itself the result of a merger agreed earlier this year between the U.K.'s Just Eat and Netherlands-based Takeaway. "We also think that this deal merely delays the inevitable longer term consolidation of the US market. [15] The same year, Takeaway.com acquired Israeli food delivery company 10bis for €135 million[16] as well as local Bulgarian startup BGmenu.com, including its Romanian subsidiary Oliveira.ro[17] and in 2019 it acquired Lieferheld, Pizza.de and Foodora in Germany from Delivery Hero. Grubhub shares jumped 7% during after hours trading on news of the deal, which is expected to close in Q1 2021. Discover local restaurants and order for delivery or collection. "We see Takeaway as the best managed company in this fast growing sector and the advantages of scale in terms of access to capital, technology and best practice remain compelling," Norris wrote in a note Thursday. Rooting around in cluttered drawers for paper takeaway menus is a thing of the past, and awkward phone orders have gone the way of video rental stores and tamagotchi. [7] It began accepting Bitcoin in November 2013. [10] It also launched its new logo in all of their countries. [12] In August 2016 it stopped doing business in the UK, selling its customer portfolio to rival Just Eat. [11] It then raised €328 million from an IPO, valuing the company at €993 million, in 2016. [24], In 2012, the organisation was market leader in the Netherlands (market share of 90%) and Belgium (70%). User reviews, pay by cash or card, 45-60 mins take away food delivery. Market capitalization of Just Eat Takeaway (TKAYF) Market cap: $15.51 B As of May 2021 Just Eat Takeaway has a market cap of $15.51 B.This makes Just Eat Takeaway the world's 1141th most valuable company by market cap according to our data. While it is already active in Canada through Just Eat subsidiary SkipTheDishes, the firm doesn't yet have a presence in America. Got a confidential news tip? Headquartered in Amsterdam, the company is focused on connecting consumers and restaurants through its platforms. That merger, which had the backing of the companies' management teams, had been stalled by … Just Eat Takeaway was created this year through the $7.8 billion combination of two of the earliest participants in Europe’s food-delivery market, Just Eat and Takeaway… Just Eat Takeaway said it expects to close the deal in the first quarter of 2021, pending shareholder and regulatory approval. Grubhub's shares traded at $59 per share at market close Wednesday, translating to a $5.4 billion market cap. Just Eat Takeaway.com is a leading global online food delivery marketplace outside China. Analysts have said the U.S.-European tie-up will be more likely to win favor with antitrust regulators, since it would have given Uber dominance in its home market. Marketing Takeaway.com acknowledged the restriction their original Dutch name Thuisbezorgd.nl had on international users and changed its name to Takeaway.com. [20] Although Just Eat became a subsidiary of Takeaway.com on 3 February 2020, the British Competition and Markets Authority ordered on 4 February 2020 that no integration should take place and that the brands should be kept separate until their investigation is completed. Now the newly formed entity is set to make yet another deal, beating Uber to buy Grubhub. It is listed on Euronext Amsterdam and the London Stock Exchange and has been a constituent of the FTSE 100 Index since it acquired Just Eat in February 2020. "JET has been consolidating on an international basis already, so it does have experience leveraging its best practices, technology, marketing, and delivery experience," Ives said in a note Thursday. [8][9] It benefited from another investment of €74 million in a series B-round led by Macquarie Capital and Prime Ventures in 2014. Data is a real-time snapshot *Data is delayed at least 15 minutes. We want to hear from you. Just Eat Takeaway.com is a little-known name in the United States. Europe is home to a flourishing food delivery sector, with several well-established and upstart firms looking to gain traction in different geographies. [18], In July 2019 Takeaway.com announced proposals to take over Just Eat. Order takeaway online now from Pizza to … That was after it had already spent months fending off rival bids for Just Eat from Prosus, the tech investment arm of Naspers. [26], "Eerste Belgisch avontuur Thuisbezorgd.nl duurde half jaar (First Belgian adventure Thuisbezorgd.nl lasted half a year)", "Der Unternehmer Jitse Groen will mehr Potsdamer Restaurants für seine Bestellplattform gewinnen", "Just Eat merger with Takeaway.com cleared by competition regulator", "How the former student becomes the largest home delivery player in the world", "Takeaway.com raises €13 million in funding from Prime Ventures", "Thuisbezorgd accepteert betalingen via Bitcoin (Thuisbezorgd.nl starts accepting payments in Bitcoin)", "Ten places where you can spend your bitcoins in the UK", "Food delivery startup Takeaway.com raises $368M in IPO, valuing it at $1.1B", "In het nieuws: Jitse Groen (CEO Takeaway.com)", "Takeaway.com buys Israeli food delivery co 10bis for €135m", "Takeaway.com acquires Bulgaria's BGmenu for €10.5 million", "Delivery Hero sells German operations to Takeaway.com", "Just Eat agrees £9bn merger with Takeaway.com", "Just Eat battle ends with Takeaway.com as victor", "Just Eat takeover by Takeaway.com to be investigated by competition watchdog", "Takeaway issues shares after UK competition watchdog gives Just Eat buy approval", "Europe's Just Eat Takeaway to buy Grubhub for $7.3 billion", "Just Eat serves up league-wide UEFA sponsorship", https://en.wikipedia.org/w/index.php?title=Just_Eat_Takeaway&oldid=1022326844, Companies listed on the London Stock Exchange, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, In Europe: Austria, Belgium, Bulgaria, Denmark, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Spain, Switzerland, United Kingdom, This page was last edited on 9 May 2021, at 21:49. But the deal has been put on hold due to another competition probe from the CMA. Just Eat Takeaway.com N.V., formerly Thuisbezorgd.nl, and Takeaway.com, is a British-Dutch dot-com company specialising in online food ordering and home delivery. About Just Eat Takeaway.com . Introduction: On June 10th 2020, Europe’s Just Eat Takeaway.com acquired US-based Grubhub for $7.3bn, in a deal that creates one of the largest food delivery companies in the world. Just Eat Takeaway.com Boosted by a stellar 2020, food delivery giants Just Eat Takeaway, Grubhub GRUB +2.2%, Deliveroo, and Uber UBER -0.8% Eats are … Dive Brief: Amsterdam-based food delivery company Just Eat Takeaway.com entered into an all-stock transaction with Grubhub, the companies announced Wednesday. Just Eat Takeaway.com NV said Wednesday that its net loss widened in 2020 on the back of acquisition and integration costs, and that it expects an acceleration in order growth this year. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The deal was thrown into doubt after U.K. competition regulators flagged concerns over a possible "substantial lessening of competition" back in January. Dan Ives, managing director of equity research Wedbush Securities, said he expected the Just Eat Takeaway.com-Grubhub deal — though not perfect — will close thanks to fewer antitrust implications than would have resulted from an Uber takeover. "We see more limited benefits in a Just Eat Takeaway (JET) merger with Grubhub than between two U.S. players, as international consolidation does little to address U.S. market competitive issues," said Ives. Just Eat Takeaway.com NV, formerly Takeaway.com NV, is a company based in the Netherlands that operates an online food delivery marketplace. Jan 18: 7: Share . Norris added that the takeover battle for Grubhub may not be over. The website was created by Jitse Groen in 2000 after finding out how hard it was to find local restaurant menus online. With the Grubhub deal, Just Eat Takeaway.com will obtain something many fellow European players have failed to secure thus far: access to the U.S. market. It was slightly higher on Thursday however. Just Eat Takeaway - which is about to close on a deal for Grubhub - has shown an ability to maintain market share and actually make profits. Though it was given provisional clearance in April, Amazon's stake in the firm is still frozen. [6], The company benefited from an investment of €13 million from Prime Ventures - a venture capital and growth equity firm in 2012. Just Eat Takeaway.com, a Netherlands-based food delivery service that operates in 23 countries, announced on Tuesday (April 13) that total orders for … The combination will help it enter the U.S. market. It's not just reduced antitrust risk that makes Just Eat Takeaway.com a potentially better fit for Grubhub than Uber. About Just Eat Takeaway.com NV Just Eat Takeaway.com N.V. is an online food ordering company. Just Eat Takeaway.com is a little-known name in the United States. Germany's Delivery Hero was one of the European operators in the running for a deal with Grubhub. ", CNBC reported Delivery Hero's interest in merging with Grubhub last week. But that's about to change. Bestil pizza, sushi og meget mere! Just Eat will instead merge with Dutch rival Takeaway.com in an all-stock deal. But the Competition and Markets Authority (CMA) ultimately gave Takeaway.com's takeover of Just Eat the green light in April. Okay. 1 We believe Just Eat should have done this in the past. From pizza to pad thai, Indian to Italian, Just Eat is the easiest and fastest way to order takeaway online, on your smartphone or on your tablet. Although I won't comment on the figures you have used (ask an analyst) this is a very decent piece. That's in part due to the fact that it only recently came into existence as a brand after the combination of U.K. meal delivery app Just Eat and Dutch rival Takeaway. Grubhub will launch Just Eat Takeaway into the U.S. market, broadening its already-global reach that includes Australia, Brazil and Canada, in addition to its home base in Europe. Gross merchandise value grew by 42% YoY in H1 2020, revenue grew by 44% YoY. Outside of Germany, the firm operates in over 40 markets across Europe, Asia, Latin America and the Middle East. "We do not rule out a hostile counterbid for Grubhub either by Uber or a new suitor," he said. CNBC's "TechCheck" team discusses Just Eat Takeaway and Uber's rivalry with Just Eat Takeaway CEO Jitse Groen. Just Eat Takeaway.com N.V., formerly Thuisbezorgd.nl, and Takeaway.com, is a British-Dutch dot-com company specialising in online food ordering and home delivery. [23], On 22 March 2021, Just Eat Takeaway.com became the sponsors of the UEFA men's club and women's competitions starting in the 2021-24 cycle after being awarded the first-ever sponsorship contract for the UEFA Euro 2020. [25], The company operates under different brand names in different countries. [13], In 2017 Pizza.be rebranded to Takeaway.com in Belgium. Bestil takeaway online på JUST EAT. Takeaway.com Competitive Strategies Price competition Takeaway.com charges a commission of 2% lower than Just-Eat’s 11.2% which has outraged some restaurateurs. Just Eat Takeaway's revenue growth has been stellar for years, and the first half of 2020 is no exception. Sign up for free newsletters and get more CNBC delivered to your inbox. Just Eat Takeaway.com, which was formed through a high-stakes merger last year, is building a formidable position in online food delivery globally. Barry Norris, CEO and fund manager at Argonaut Capital Partners, said there was "mutual admiration" between the two firms' management teams, making their combination a "good cultural fit.". It now also provides logistics: performing the … [19] In January 2020 80.4% of Just Eat shareholders approved Takeaway.com's deal to acquire Just Eat. Order food delivery online from 27,000+ takeaways and restaurants.Choice of takeaway food includes Pizza, Chinese, Indian and Thai. It's also because it doesn't have a presence in the country. Here's what you need to know about the European food delivery giant. … Just Eat Takeaway.com N.V. Just Eat Takeaway.com NV owns and manages food delivery websites. A Division of NBCUniversal. Just Eat Takeaway is a company that operates online food delivery marketplaces; it connects millions of customers to local restaurants. If a hypothetical deal had happened with Uber? [2] The website handles over 800,000 orders per month for 10,000 restaurants. Following clearance by the UK's Competition and Markets Authorityon 22 April 2020, Takeaway.com merged with British food de… A Just Eat sign displayed at the front of a pizza takeaway shop on May 19, 2020 in Fleet, England. Its next target is the United States. Reply from Jitse (TKWY CEO): Jitse Groen @jitsegroen. Dark kitchens: Where does your food delivery really come from? The company connects consumers and restaurants through its platform in European countries and Israel. The firm announced Wednesday that it would buy U.S. rival Grubhub for $7.3 billion, giving it a leg up in the race among European food delivery firms to enter the U.S. market and making it the world's biggest online food delivery operator outside China. Industry Overview: The Online Food Delivery refers to the mechanism of ordering and delivering food to customers through different websites and applications by using computers or smartphones. [21], On 22 April 2020 the Competition and Markets Authority announced it was unconditionally approving Just Eat's merger with Takeaway.com, following an investigation. CEO Jitse Groen told reporters that Britain had been a standout market in the wake of the company's acquisition last April of Just Eat for $7.8 billion. Order online from takeaways all over Ireland with Just-Eat.ie. Brief: Amsterdam-based food delivery really come from, pending shareholder and regulatory approval market... [ 19 ] in August 2016 it stopped doing business in the Netherlands that operates an online ordering. In all of their countries N.V. Just Eat shareholders approved Takeaway.com 's takeover of Just Takeaway.com! The running for a deal with Grubhub last week was created by Groen. 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