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Deal-Hungry Dutch Billionaire Defeats Uber to Enter U.S.

  • Groen’s Just Eat Takeaway will buy Grubhub for $7.3 billion
  • Follows an $8 billion acquisition combining Takeaway, Just Eat
Jitse Groen
Jitse GroenSource: Just Eat
Updated on

Jitse Groen is a man in a hurry.

In just the last two years, the 42-year-old Dutch billionaire and chief executive officer of Just Eat NV has taken the food-delivery platform he created in his college dorm room two decades ago on a shopping spree, with more than $15 billion in takeovers.

The $7.3 billion combination with Grubhub Inc. he detailed on Thursday catapults Just Eat Takeaway into one of the world’s largest food-delivery companies and, according to JPMorgan Chase & Co., gives it the coveted No. 2 spot in the brutally competitive U.S. market. The deal will put Just Eat Takeaway slightly ahead of Uber Technologies Inc., whose own efforts to buy Grubhub snagged on price and antitrust concerns.