Grubhub to Be Acquired by European Delivery Company Just Eat Takeaway

The online restaurant delivery platform Grubhub has found a buyer—but it's not Uber.Grubhub has landed a European suitor: the Amsterdam-based Just Eat Takeaway.Grubhub was once America's largest delivery platform before being passed by DoorDash last year.Those sinking fortunes were compounded by government inquiries into the company's business practices.The resulting damage to the company's stock value and reputation has made Grubhub ripe for acquisition.Just Eat Takeaway was formed earlier this year out of a merger between European brands Just Eat and Takeaway.com.If that newfound European giant is looking to quickly enter the U.S. market, acquiring Grubhub makes plenty of sense.But Wall Street isn't so sure; Just Eat Takeaway's stock crashed 13% after they announced the acquisition plan