Just Eat Takeaway NV and Amazon.com Inc have struck a deal which will mean Grubhub users can order directly through Amazon’s channels.
Under the agreement, members of Amazon’s Prime subscription service will be enrolled automatically in Grubhub+, a $120 per year subscription that offers no delivery fees on most orders, lower service charges, and 5% credit back on pick-up orders.
Amazon, the e-commence firm with headquarters in Seattle, will offer Grubhub to customers in all 50 US states.
Prime members had been previously offered a year-long Grubhub+ subscription as part of 2022 and 2023 agreements between Amazon and Just Eat.
The new five-year partnership is scheduled to renew automatically each year, unless either company has cause for termination.
Additionally, Amazon has received warrants for 4% of Grubhub’s fully-diluted common equity. Amazon may receive up to 10%, pending certain performance conditions.
Just Eat shares closed up 2.2% at 1,038.00 pence in London on Thursday. Amazon.com shares were down 1.2% at $179.90 in New York
Copyright 2024 Alliance News Ltd. All Rights Reserved.
