Grubhub

Grubhub’s parent company has written down the value of the online food-ordering service by 3 billion euros, equivalent to a little over $3 billion, just a year after buying the pandemic-era darling for $7.3 billion. Just Eat Takeaway.com TKWY 5.37% NV said Wednesday it was taking the impairment because of a reduction in comparable valuations in the sector, among other factors. The Amsterdam-based company said it is continuing to…

Toby Sterling / Reuters: Just Eat Takeaway reports H1 2022 revenue rose 7% YoY to €2.8B and a €3.5B impairment from Grubhub, which is still for sale; shares are down 60% in 2022 — Just Eat Takeaway.com (TKWY.AS), Europe's largest meal delivery company, on Wednesday reported worse than expected revenue … Toby Sterling / Reuters: Just Eat Takeaway reports H1 2022 revenue rose 7% YoY to €2.8B and a €3.5B impairment from Grubhub, which is still for sale; shares are down 60%…

Grubhub recently offered New Yorkers a deal that the online food-ordering company hoped many couldn’t refuse: free lunch.The May promotion, which promised $15 worth of free food to people who ordered through Grubhub’s app, overwhelmed Grubhub’s system, with as many as 6,000 takeout and delivery orders coming in each minute at the peak of the promotion. Once the market leader in online restaurant food ordering in the U.S., Grubhub now lags behind DoorDash Inc. DASH 1.11%…

A rider for "Grubhub" food delivery service rides a bicycle during a delivery in midtown Manhattan following the outbreak of the coronavirus disease (COVID-19) in New York City, July 9, 2020.Mike Segar | ReutersAmazon on Wednesday agreed to take a stake in Grubhub as part of a deal that will also give members of its Prime subscription program a one-year membership to the food delivery service.The partnership gives Amazon the option to take a 2% stake in Grubhub, the U.S. subsidiary of Just Eat Takeaway.com, the European…

Amazon is tossing in another perk for Prime members, making that $139/year subscription feel even more worth the money. That’s a year of GrubHub+ for free. This subscription is $9.99/month normally, so it almost pays for a year of Prime right there.GrubHub+ allows you to order from participating restaurants without paying any delivery fees. And you also get some other benefits like free food and special discounts. However, your order must be at least $12 to make that happen. These days, with prices on food going up left…

Amazon Prime customers in the United States will be able to receive a year of free restaurant delivery through Grubhub+ under a deal announced Wednesday by Just Eat Takeaway.com.Prime members will have access to hundreds of thousands of restaurants on Grubhub, the American affiliate of Anglo-Dutch company Just Eat Takeaway.The deal should expand Grubhub+ membership while having a neutral effect on 2022 earnings, Just Eat Takeaway said in a news release. In exchange, Amazon will receive warrants for two percent of…

Under the agreement, which automatically renews each year unless terminated by one of the parties, Amazon will receive warrants over 2 percent of Grubhub's fully-diluted common equity. Under the agreement, which automatically renews each year unless terminated by one of the parties, Amazon will receive warrants over 2 percent of Grubhub's fully-diluted common equity. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s…

GrubHub delivery drivers are about to get busier. Image: Cindy Ord (Getty Images)Attention Amazon Prime members: ordering lunch just got easier. The company that brings you all your favorite products has announced that Prime members are eligible for a free, one year membership to GrubHub+ starting today.GrubHub+ is the titular food ordering app’s membership program which features no delivery fees on any order over $12 from a participating restaurant. The service usually goes for $9.99 a month, but Amazon announced today…

Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the parent of the food-ordering company said.Grubhub’s parent, Netherlands-based Just Eat Takeaway.comsaid Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can have their delivery fees waived from select restaurants. Amazon could bump up its total stake to 15% of Grubhub based on performance terms focused on adding new…

Amazon has announced a handful of new perks for Prime members ahead of Prime Day this month, including free deliveries from nearby restaurants. All Prime members in the US will now get access to a one-year Grubhub+ membership, which typically costs $10 a month, for free. Amazon used to have a restaurant delivery service of its own in an attempt to create a homegrown UberEats rival, but the company ultimately shut it down in the UK and the US. This time, it's teaming up with an established delivery service. Grubhub+…