Introduction
Just Eat Takeaway(OTCPK:TKAYF) and Grubhub(GRUB) have announced their planned merger. Grubhub will consolidate with the European food delivery powerhouse to form 'the largest food delivery business outside China'. Many analysts are positive about this merger, they think that Jitske Groen, CEO of JET, can make Grubhub the market leader in the United States again. But in this write-up, I will explain why this deal might not benefit existing Just Eat Takeaway shareholders, and instead, adds serious execution risks.
Grubhub
In the beginning, Grubhub functioned as a marketplace. Customers would