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.”