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Grubhub Acquisition by Just Eat Takeaway May Need 6 Months More to Complete

Rich Duprey, The Motley Fool
·2-min read
Grubhub Acquisition by Just Eat Takeaway May Need 6 Months More to Complete
Grubhub Acquisition by Just Eat Takeaway May Need 6 Months More to Complete

Grubhub (NYSE: GRUB) announced today that although it and Just Eat Takeaway.com (LSE: JET) have received all the necessary regulatory approvals to complete their $7.3 billion all-stock merger, the two may need more time to complete the deal. Grubhub says everything is on track and it still expects to complete the deal in the first half of 2021, but the two parties are extending the deadline to complete the transaction out to Dec. 31, 2021, from the original date of June 10, 2021. Uber Technologies (NYSE: UBER) is acquiring Postmates for $2.6 billion (and had sought to acquire Grubhub before it accepted the Just Eat Takeaway offer).