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A comment on Just Eat Takeaway to acquire Grubhub for $7.3B. Parent comment

Re:Just Eat Takeaway to acquire Grubhub for $7.3B by replyguy912 on Wednesday June 10, 2020 @11:17PM (#23484885)
This is an all stock deal, so valuations are about as realistic as a televised poker tournament. No one is paying a 27% premium in cash; they're spending their own ridiculously valued stock.

There is no business model in the world that makes grubhub a 7B company. If proven wrong I will gladly eat a hat delivered by them.

[ Parent | on HN ]
Re:Just Eat Takeaway to acquire Grubhub for $7.3B by martin_bech on Thursday June 11, 2020 @02:38AM (#23485820)
Just Eat had a very nice profit of 101m GBP, so the business model works. However Grubhub is not that impressive, with a 12% YoY Growth, Compared to Just-Eats 43%.

From Grubhub "Revenues: $363.0 million, a 12% year-over-year increase from $323.8 million in the first quarter of 2019."

[ Parent | on HN ]