Deal news and trends

Grubhub CEO Contends Richer Offer Won Out
Partnerships / Acquisitions // June 11, 2020

Grubhub CEO and Founder Matt Maloney said on Thursday (June 11) that it was a richer offer that drove the restaurant ordering and delivery service into the arms of European giant Just Eat Takeaway, which has agreed to pay $7.3 billion for the company. In...

UK Regulators Extend Hold On Amazon/Deliveroo Deal
ANTITRUST // June 10, 2020

Amazon is left cooling its heels again in its bid to buy a piece of Deliveroo, a top food delivery service in the United Kingdom. Britain’s Competition and Markets Authority (CMA) on Wednesday (June 10) announced that it would push off for two months a...

Amazon Eyes Deal For $2B Stake In Indian Telecom Bharti Airtel
Amazon Investments // June 04, 2020

Amazon may become the latest American tech giant to buy its way into India’s fast-growing telecom market as it eyes a deal that could upend the nation’s mobile market. The eCommerce company is in the early stages of exploring a deal to take a $2...

WEX Tries To Back Out Of Optal, eNett Deal Due To Pandemic
B2B Payments // May 07, 2020

After inking a definitive agreement in January to acquire B2B optimization firm Optal and B2B travel payments company eNett, WEX Inc. said in its Q1 results on Thursday (May 7) that the pandemic, and conditions stemming from it, “have had, and continue to have, a...

Quick Reads
EU Regulators To Decide On Mastercard’s $3.2B Nets Bid By Aug. 3

June 30, 2020
The European Commission’s antitrust regulators are poised to rule on whether Mastercard’s $3.2 billion bid for part of the Scandinavian payments company Nets can go through. Mastercard wants to buy three divisions of Nets, including the ones dealing with instant payments and Billing. In an early June release, the European regulators said that “without prejudice […]

Grubhub CEO Contends Richer Offer Won Out

June 11, 2020
Grubhub CEO and Founder Matt Maloney said on Thursday (June 11) that it was a richer offer that drove the restaurant ordering and delivery service into the arms of European...

UK Regulators Extend Hold On Amazon/Deliveroo Deal

June 10, 2020
Amazon is left cooling its heels again in its bid to buy a piece of Deliveroo, a top food delivery service in the United Kingdom. Britain’s Competition and Markets Authority...

Amazon Eyes Deal For $2B Stake In Indian Telecom Bharti Airtel

June 04, 2020
Amazon may become the latest American tech giant to buy its way into India’s fast-growing telecom market as it eyes a deal that could upend the nation’s mobile market. The...