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Takeaway is bidding on Just Eat. The Dutch food delivery group, if they successfully take over Just Eat, they will become one of the biggest food delivery companies in the world. At the moment, Takeaway.com has a market capitalization of €5.1 billion, whilst Just Eat is up to about €4.8 billion.

food delivery poster
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The food delivery industry is VERY competitive, and it isn't getting any easier. Amazon has a $575 million investment in Deliveroo. Whenever Amazon enters an industry in the e-commerce world, their deep pockets come into play, heating food delivery to the boiling point. Just Eat's shares are down 15% over the past 3 months, and Takeaway knows that, if they want to keep what they have of the market share, they'll have to be big enough to fight against Deliveroo and others. If the deal goes down as reported by ecommercenews.eu, Just Eat's shareholders will receive 0.09744 Takeaway shares for each Just Eat share. That's 15% more than Friday's closing price. 

Germany's Delivery Hero

In December 2018, Takeaway bought the operational end of another rival, Delivery Hero in Germany. Both food delivery companies had been competing viciously in Germany for market share, which made them struggle for profitability. Takeaway understands that the success of operating Delivery Hero in Germany can be repeated in the UK if they are able to gain control of Just Eat.

Giants Of Food Delivery

The combined company will become one of the biggest food delivery companies in the world if Just Eat takes the offer. Just Eat shareholders will still own 52.2% of the company, with Takeaway.com shareholders would control approximately 47.8%. 

The CEO and founder of Takeaway has been stated as becoming the combined company's CEO, with Just Eat's current chairman, Mike Evans, becoming the CEO of the combined group.