Just Eat to create “one of the world's largest online food delivery platforms” with rival firm

Food delivery specialist Just Eat has reached an agreement in principle with Dutch firm Takeaway.com to combine and create a global online delivery platform.

The agreement has set out the key terms of an all-share combination to create Just Eat Takeaway.com N.V., a move which Just Eat said has “compelling strategic logic”.

Upon completion of the proposed deal, Just Eat shareholders would own approximately 52.2 per cent, while Takeaway.com shareholders would own approximately 47.8 per cent.

It is anticipated that Just Eat Takeaway.com N.V. would be headquartered in Amsterdam, with Takeaway.com CEO Jitse Groen expected to assume the role of CEO of the combined firm.

The news comes less than six months after Just Eat announced a 43 per cent uplift in its year-on-year revenue.

Commenting on the deal, Just Eat stated: “The possible combination…represents an attractive opportunity for both companies to build on the strong individual platforms of Just Eat and Takeaway.com, with the potential to deliver substantial benefits to respective shareholders, customers, employees and other stakeholders.”