Amazon has agreed to take a 2 percent stake in Just Eat Takeaway.com’s struggling U.S. meal delivery business Grubhub and will offer its Prime members access to the service for one year.
The deal is a major relief for Just Eat Takeaway, Europe’s largest meals company, whose stock had fallen 70 percent this year. Shareholders have demanded it sell or find a partner for Grubhub, which it bought just last year for $5.8 billion in shares.
Just Eat Takeway specified in a statement it continues to “explore the partial or full sale of Grubhub” though there is no certainty any deal will be reached….