Simply Eat Takeaway.com Grubhub has landed itself a tasty snack, however don’t anticipate its U.S.-based opponents to starve.
Shares of the Amsterdam-based supply firm jumped almost 15% on July 6 after it stated it struck a cope with Amazon.com to supply U.S. Prime subscribers one-year freed from Grubhub’s membership program, Grubhub+. As a part of the deal, Amazon will obtain warrants in Grubhub equal to 2% of Grubhub’s fairness and entry to warrants for an extra 13%.
