American online food ordering service Takeaway.com is in talks with Just Eat to purchase the entire business. Takeaway.com is aiming to become a formidable competitor to some of the most reliable companies like UberEats and Deliveroo in the United States and Europe with this acquisition. The company is currently in the discussions phase with Just Eat. If the discussions are fruitful and once the merger is completed, then the companies could process nearly a billion dollars food delivery orders in all over Europe.
Just Eat is a Long-based company, and Takeaway.com is an Amsterdam based company. The Hedge Fund Cat Rock Capital has invested the funds in both of the companies and is working to integrate both of the companies. After combining, both of the companies would form a group, which can process billions of food delivery orders from millions of customers each year. Being a group of two popular companies, the new entity could easily dominate the market and fight with competitors like UberEats and Deliveroo. Just Eat has a strong presence in the UK and Western Europe, while Takeaway.com has the presence in Germany and Eastern Europe. Meanwhile, Just Eat is partnering with companies from Canada, Australia, and Latin America to provide the services in those countries.
Recently, Takeaway.com confirmed the acquisition of German Business Delivery Hero for 930 million euros. Also, Amazon spent nearly 575 million euros on buying stakes in Deliveroo. The principal investor in both of these companies is Cat Rock Capital, which is a public hedge fund. The fund is forcing Just Eat to merge with Takeaway.com to fight with the stiff competition in the market. Also, with the combined forces, the merged company could handle the business worth billions of euros each year from tens of millions of customers.