Business
Grubhub’s competitors won’t be eaten by the main partnership
Just Eat Takeaway.com Grubhub has delivered a delicious snack, but don’t expect its US competitors to starve.
Shares of the Amsterdam-based delivery company jumped nearly 15% on July 6 after it said it had reached an agreement with Amazon.com to offer US Prime subscribers a free year 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 an additional 13%.