Stock Groups

Takeaway CEO says he wants partnerships, not sale, for Grubhub -Breaking

by Mike Robinson

[ad_1]

© Reuters. FILEPHOTO: After the July 9th 2020 outbreak of coronavirus (COVID-19), riders for Grubhub’s food delivery service gather in Manhattan to receive their deliveries. REUTERS/Mike Segar

AMSTERDAM, (Reuters) – Just Eat Takeaway.com, a food delivery service, has no plans for Grubhub in the United States, its chief executive stated on Wednesday. However, it is looking at strategic partners for the company.

Grubhub was bought by Takeaway in June for $7.3billion. However, investors have been calling to get it out of business due to the competitive pressures at both its core European operations and in America.

Disclaimer: Fusion MediaThis website does not provide accurate and current data. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. They are instead provided by market makers. As such, the prices might not reflect market values and could be incorrect. Fusion Media does not accept any liability for trade losses that you may incur due to the use of these data.

Fusion MediaFusion Media and anyone associated with it will not assume any responsibility for losses or damages arising from the use of this information. This includes data including charts, quotes and buy/sell signal. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]