U.K.-based online takeout site Just Eat just ate up two of its competitors in a combined £266.1 million ($336 million) meal.
First, Berlin-based delivery startup Delivery Hero sold its U.K. branches to Just Eat for £200 million ($248 million). Just Eat could pay as much as an additional £40 million ($50 million) on top of that based on how well hungryhouse performs between now and the deal’s closing.
Just Eat also announced that it would be acquiring Canadian delivery startup SkipTheDishes for £66.1 million ($82 million). The company will add SkipTheDishes’ network of 2,900 restaurants and 350,000 active customers in Canada to its already appetizing cohort of 16.6 million users and more than 63,900 take-out restaurants.
Here are the numbers:
$336 million | Total Just Eat paid to acquire two competitors
$248 million | Amount Just Eat paid for Delivery Hero’s hungryhouse
$50 million | Additional amount Just Eat could pay for hungryhouse depending on its performance
$82 million | Amount Just Eat paid for SkipTheDishes
2,900 | Size of SkipTheDishes’ restaurant network
>350,000 | Number of active SkipTheDishes customers
16.6 million | Number of Just Eat users
63,900 | Number of restaurants in Just Eat’s network