Just Eat CEO Says Grubhub Sale Is Proving ‘Very Difficult’
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Just Eat Takeaway.com NV is finding it difficult to complete the sale of its US business, Grubhub Holdings Inc., because of a combination of high price demands from some investors and a weak market for deals, Chief Executive Officer Jitse Groen said.
“We’re talking to buyers still, but it’s a very difficult M&A situation currently,” Groen said in an interview at the food-delivery platform’s headquarters in Amsterdam. “It’s all very easy on Excel sheets, it’s very hard in reality.”