Amazon strikes deal with Grubhub

July 07, 2022 11:55
Photo: Bloomberg

Amazon announced on Wednesday a deal to add Grubhub delivery as a perk to U.S. Amazon Prime members, according to reports. Amazon Prime members will be able to order food from Grubhub without a delivery fee for one year.

The deals follows an agreement between Amazon and Grubhub's parent company Just Eat Takeaway, that gave the e-commerce giant the option to buy a 2% stake in Grubhub, and to buy an additional 13% stake if certain performance metrics pertaining to customer acquisitions are met.

Shares of Just Eat Takeaway soared while shares of Doordash took a hit as its key competitor aligned itself with the deep-pocketed e-commerce giant.

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