Thndr Claps » U.S. Claps » Mergers & Acquisitions 🤝 » Amazon to offer Grubhub membership to Prime subscribers🛵
The ClapAmazon agreed to acquire a strategic 2% stake in food delivery app Grubhub, & plans to offer a free one-year Grubhub membership to its Prime subscribers.Amazon’s done this beforeLast September Amazon added UK food delivery app Deliveroo to its Prime subscription perks. Amazon had taken a stake in Deliveroo back in 2019.
Why this MattersGrubhub’s owner’s stock is down almost 70% YTD, & has recently faced pressure from investors to sell Grubhub to improve its business.
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