By Sally Fahey

If you’ve been ordering from Gubhub during the pandemic or even before, take note:

The AP is reporting that Just Eat is acquiring Grubhub in a $7.3 billion deal.

Amsterdam-based Just Eat and Chicago-based Grubhub announced the merger last week.

The two processed 593 million restaurant orders in 2019 and have about 70 million users worldwide.

Just Eat said it will acquire 100% of Grubhub’s shares at an implied value of $75.15 per share. Grubhub shareholders will receive depository receipts representing a portion of shares in the new company.

The deal snatches Grubhub away from ride-hailing giant Uber, which was also in talks to merge with Grubhub, according to published reports. That deal would have given the companies control over a majority of the U.S. food delivery business.

Matt Maloney, Grubhub’s founder and CEO, will join Just Eat’s board and will lead the company’s North American business, the companies said in a statement.

Just Eat provides restaurant delivery services in Europe, New Zealand, Canada, Mexico and Brazil. Grubhub operates in 4,000 U.S. cities.

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