Amazon.com Inc. has agreed to buy a stake in Grubhub Just Eat Takeaway.com NV and will grant US Prime subscribers who sign up for the service an annual subscription.
Amazon will receive a 2% stake in the total capital of Grubhub
The membership agreement will automatically renew each year unless either Grubhub or Amazon decides to cancel it. Additionally, Amazon will receive a 2 percent investment in Grubhub’s total capital, with the opportunity to expand that stake to 15%.
According to a statement from the business, “Just Eat will continue to investigate a partial or full sale of Grubhub.”
Beginning in 2023, the purchase will help increase cash flow and revenue while not affecting Grubhub’s financial results this year.