Wednesday, June 25, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > News > Amazon Secures Stake in Grubhub, Gets into Food Delivery

Amazon Secures Stake in Grubhub, Gets into Food Delivery

in News
Amazon Secures Stake in Grubhub, Gets into Food Delivery
Share on LinkedinShare on WhatsApp

Amazon has secured the right to buy a 2% stake in food delivery platform Grubhub, a move that aims to boost Amazon U.S. Prime member subscriptions and expand the retail giant into the meal delivery business.

The deal announced on Wednesday will allow Amazon´s loyalty club members to use Just Eat Takeaway’s Grubhub without delivery fees on orders over $12 in more than 4,000 cities across the U.S.

“The value of a Prime membership continues to grow with this offer,” said Jamil Ghani, vice president of Amazon Prime in a statement.

According to media reports Netherlands-based Just Eat Takeaway is exploring a sale of Grubhub after its stock has lost more than 60% this year. The company said in a statement it continues to explore the partial or full sale of Grubhub, though there is no certainty any deal will be reached.

Amazon will be able to increase its total stake to 15% of Grubhub, depending on performance of the program.

Amazon Prime has 200 million-plus members who already have grocery discounts at Amazon owned Whole Foods.

Last September Amazon announced a partnership with European delivery company Deliveroo to U.K. members in a similar one-year free offer. Amazon took a stake in Deliveroo in 2019.

News of the deal sent shares of delivery platforms down. Uber’s stock fell more than 3%, and shares of DoorDash plunged as much as 8%.

Tags: AmazonGrubhubJust Eat Takeaway

Related Posts

Bessent says SALT deal will happen within 48 Hours
News

Bessent says SALT deal will happen within 48 Hours

Fund Managers Expect Quarter Point Rate Hike from Fed
News

The Fed unlikely to issue July rate cut

FedEx raises rates 6.9% for 2023, outlines cost cuts
News

FedEx beats Q4 estimates, announces new cost cuts

Marathon Oil settles for $241.5 million over air quality violations
News

Oil prices plummet below pre-Iran-Israel conflict levels

Nvidia reveals new H200 chip for AI training
News

Jensen Huang kicks off Nvidia stock offload plan

Iberdrola seeks U.S. expansion, appoints Pedro Azagra as new CEO
News

Iberdrola seeks U.S. expansion, appoints Pedro Azagra as new CEO

Antonio Filosa takes over as CEO of Stellantis
News

Antonio Filosa takes over as CEO of Stellantis

Kroger to pay $1.2 billion in opioid settlement
News

Kroger to close up to 60 stores

Hormel Foods announces leadership changes, Jeffrey Ettinger returns as interim CEO
News

Hormel Foods announces leadership changes, Jeffrey Ettinger returns as interim CEO

Musk’s AI startup now valued at $24B
News

Musk’s xAI investors face deadline

No Result
View All Result

Recent Posts

  • Ambarella shares soar more than 20% on report chip designer is exploring sale
  • U.S. Economic Confidence Slightly Improved, Still Negative
  • Bessent says SALT deal will happen within 48 Hours
  • The Fed unlikely to issue July rate cut
  • FedEx beats Q4 estimates, announces new cost cuts

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.