Just Eat delivers £9bn merger with Takeaway.com
A tie-up between the London-listed food delivery service and its Amsterdam-listed peer is expected within days, Sky News learns.
By Mark Kleinman, City editor
Saturday 27 July 2019 14:19, UK
An app for Just Eat, a food delivery service can be seen on a smart phone in London on December 18, 2017. Just Eat has been welcomed on December 18, 2017
Just Eat, the London-listed food delivery service, is in talks about a £9bn merger with a Dutch-headquartered rival.
Sky News has learnt that Just Eat and Takeaway.com have been in discussions about a deal for several weeks.
Banking sources said that a tie-up could be announced as soon as next week, when both companies are scheduled to publish financial results.
If confirmed, ?a merger would represent another important step towards the consolidation of the global food delivery market, which has shown spectacular growth in recent years.
Analysts say the sector is already worth £83bn, with further explosive growth anticipated during the next decade.
A merged Just Eat and Takeaway.com would be an international behemoth in the delivery of meals from chains such as Burger King, KFC and Subway, as well as thousands of independent restaurants.
Together, they operate in more than 20 countries, such as the UK, Australia, France, Brazil, Ireland, Mexico and Israel.
More from Bu