July 29 - 11:07
Just Eat and Takeaway.com poised for £9 billion merger
Just Eat and Takeaway.com are in advanced discussions to merge the businesses in a deal that would be worth around £9 billion. The deal, which must be agreed by 24 August 2019 under EU law, would create a combined company big enough to take on Uber Eats and Deliveroo, both of which have carved out strong positions in Europe. Shares in Just Eat jumped 25% to 794.28p on the news.
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