Takeaway CEO says he wants partnerships, not sale, for Grubhub

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Updated: Nov 17, 2021, 19:57 GMT+00:00

AMSTERDAM (Reuters) - Food delivery company Just Eat Takeaway.com has no plans to sell its U.S. subsidiary Grubhub, the company's chief executive said on Wednesday, but it is actively looking for strategic partnerships for the business.

"Grubhub" delivery riders congregate between deliveries in midtown Manhattan in New York

AMSTERDAM (Reuters) – Food delivery company Just Eat Takeaway.com has no plans to sell its U.S. subsidiary Grubhub, the company’s chief executive said on Wednesday, but it is actively looking for strategic partnerships for the business.

Takeaway bought Grubhub for $7.3 billion in June but has faced calls from investors to sell it due to competitive pressures in both the U.S. and at its core European operations.

(Reporting by Toby Sterling; Editing by Chris Reese)

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