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Wed 10th Jun 2020 - Just Eat confirms merger talks with Grubhub, CMA extends Amazon/Deliveroo inquiry deadline
Just Eat confirms merger talks with Grubhub: Just Eat has confirmed it is in advanced discussions with US food delivery giant Grubhub about an all-share merger. The discussions come amid increasing uncertainty about a possible merger between Uber and Grubhub, after US lawmakers pushed antitrust officials to investigate the potential deal. The merger between Just Eat and Grubhub would create a transatlantic food delivery powerhouse, and would represent a further coup for Jitse Groen, the chief executive of Just Eat Just Eat, the result of a previous £6.2bn merger between London’s Just Eat and Amsterdam’s, is one of the dominant food delivery platforms outside the US. The UK’s Competition and Markets Authority in April approved the merger between the two food delivery firms, around eight months after they first confirmed they were engaged in talks. The deal, structured as an acquisition by, came after a battle between the Amsterdam-based firm and rival bidder Prosus, which is owned by South African’s Naspers. Shares in Just Eat fell by more than 12% on Wednesday (10 June) following confirmation of the talks.

CMA extends deadline for inquiry into Amazon’s investment in Deliveroo: The Competition and Markets Authority (CMA) has extended the timescale of its investigation into Amazon’s investment in Deliveroo. The deadline has been pushed back by eight weeks, to 6 August, although the CMA said it aims to complete the inquiry “as soon as possible and in advance of this date”. The original deadline was Thursday (11 June), but the CMA said due to the nature of the investigation and the impact of coronavirus it would not be able to publish its report by then. The CMA provisionally cleared the deal in April after Deliveroo warned it would have to cease operations without the cash injection. Amazon was the lead investor in Deliveroo’s $575m funding round, announced in May last year. Its stake, thought to be worth about $500m, has been frozen by the regulator as it conducts an investigation into alleged competition concerns raised by the deal. Just Eat and Domino’s Pizza are among the companies that have written to the CMA and expressed concerns about the deal being allowed. 

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