Grubhub’s rivals won’t be eaten up by the main partnership

Just Grubhub has treated itself to a tasty snack, but don’t expect its US-based 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 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 equal to 2% of Grubhub’s equity and access to warrants for an additional 13%.

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Post expires at 11:34pm on Friday July 22nd, 2022