Jun 10, 2020 - Economy

Just Eat to merge with Grubhub

Illustration of a line of delivery robots with food items on their backs

Illustration: Sarah Grillo/Axios

Just Eat Takeaway, a European restaurant delivery company, will merge with U.S. peer Grubhub, the companies announced Wednesday, CNBC reports.

Between the lines: Grubhub had spent weeks working on a deal to be acquired by Uber, even closing an early gap on price, but those negotiations were hampered by antitrust worries.

What they're saying: “Like ridesharing, the food delivery industry will need consolidation in order to reach its full potential for consumers and restaurants,” an Uber spokesperson said in a statement. “That doesn’t mean we are interested in doing any deal, at any price, with any player.”

Go deeper: Democrats line up against possible Uber-Grubhub merger

Go deeper