Daily Data Dive

PYMNTS Daily Data Dive: Just Eat’s Pricey Feast

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

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