Just Eat Takeaway.com Grubhub has landed itself a tasty snack, but don’t expect its U.S.-based competitors to starve.
Shares of the Amsterdam-based delivery company jumped nearly 15% on July 6 after it said it struck a deal with Amazon.com to offer U.S. Prime subscribers one-year free of Grubhub’s membership program, Grubhub+. As part of the deal, Amazon will receive warrants in Grubhub equivalent to 2% of Grubhub’s equity and access to warrants for a further 13%.
