Just Eat ready to serve up £9bn merger with Takeaway.com
Just Eat is in talks over a £9bn merger with a rival based in Holland.
The London-listed food delivery service and Takeaway.com have been in discussions for several weeks.
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An agreement should be agreed as soon as the end of next week when both firms release financial results, according to Sky News.
A merger would be another step toward the food delivery market’s consolidation, which is already worth around £83bn.
It would see the resulting company able to deliver from thousands of independent outlets as well as giant like Burger King, KFC and Subway.
Combined they would serve more than 20 countries including the UK, Australia and France.
Just Eat is likely to confirm discussions to the stock exchange on Monday, but a deal could yet be scuppered.
The owner of Delivery Hero, Naspers, and Uber Technologies, which has built a significant presence in the market with Uber Eats, have both also expressed an interest in a deal with Just Eat, Sky News claim.
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If a deal is to go ahead, the firm will likely be listed in London and with a market value of £9bn it would comfortably make it into the FTSE 100.
Just Eat and Takeaway.com both declined to comment.