Yet more regional consolidation is underway among the giants of take-out and delivery startups in Europe as they gear up to compete more aggressively against newer entrants like Deliveroo and Uber Eats. Today, Berlin-based Delivery Hero announced that it is selling its UK business, which operates as hungryhouse, to rival Just Eat for £200 million ($251 million) in cash, plus another £40 million ($50 million) on top of that based on hungryhouse’s performance between now and the date of the deal closing (subject to approval by the competition regulator).
Separately, Just Eat also announced that it would be acquiring SkipTheDishes, a delivery startup in Canada, for £66.1 million ($83 million), to expand its position there.
Just Eat, which went public in 2014, is based out of London, and says that it covers 16.6 million users and more than 63,900 take-out restaurants.
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