Just Eat Takeaway.com’s $7.3 Billion Combination with Grubhub

On June 10, 2020, Just Eat Takeaway.com N.V. (“Just Eat Takeaway.com”), a food delivery marketplace with leading positions in the U.K., Germany and the Netherlands, announced it has entered into a definitive agreement to acquire 100% of the shares of Grubhub Inc. in an all-stock transaction to create the largest online food delivery platform outside of China. The transaction implies a total equity consideration, on a fully diluted basis, of $7.3 billion. Cravath represented Just Eat Takeaway.com in connection with the transaction.

The Cravath team is led by partner G.J. Ligelis Jr. and includes associates Andrew M. Wark, Rebecca D. Stacker, Willard F. Younger and Ryan S. Genkin on M&A matters; partners D. Scott Bennett and Alyssa K. Caples and associate Winnie Ling on capital markets matters; partner Stephen L. Gordon and associate Joyce Y. Kim on tax matters; partner Christine A. Varney and senior attorney Jesse M. Weiss on antitrust matters; partner Eric W. Hilfers and associates Matthew J. Bobby, Christopher C. Gonnella and Anna Mikaelyan on executive compensation and benefits matters; partner David J. Kappos and associates Kathryn-Ann Stamm and Somi A. Umolu on intellectual property matters; partner Matthew Morreale on environmental matters; and senior attorney Joyce Law and practice area attorney Laurel R. Berkowitz on real estate matters. Duncan H. Hardell also worked on tax matters and Brendon J. Rivard also worked on executive compensation and benefits matters.