Amazon Strengthens Food Services with Grubhub Deal
July 06 2022 - 09:53AM
TipRanks
E-commerce giant Amazon (AMZN) has moved to strengthen its
food-related offerings in the Prime membership program and has
inked a deal to add Grubhub to its suite of Prime services. AMZN
will acquire a 2% stake in Grubhub, which is owned by
Netherlands-based Just Eat Takeaway.com N.V. (GB:JET). The Wall
Street Journal reports that Amazon could increase its total stake
in Grubhub to 15% based on performance. Just Eat Takeaway.com will
continue exploring a full or partial sale of Grubhub. In April, the
Netherlands-based company confirmed it was considering a total sale
of Grubhub. It acquired the unit for $7.3 billion. According to
Bloomberg, the CEO of Just Eat Takeaway.
https://www.tipranks.com/news/amazon-strengthens-food-services-with-grubhub-deal?utm_source=advfn.com&utm_medium=referral
Amazon com (NASDAQ:AMZN)
Historical Stock Chart
From Jul 2022 to Aug 2022
Amazon com (NASDAQ:AMZN)
Historical Stock Chart
From Aug 2021 to Aug 2022