Just Eat to merge with Grubhub

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.”

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