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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.92-0.2%3:49 PM EST
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From: Sr K7/6/2022 9:26:32 AM
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Amazon Adds Grubhub Delivery to Prime Membership to Bulk Up Foods Business

Deal with Just Eat Takeaway.com, Grubhub’s parent company, could include small equity stake

GrubHub delivery fees could be waived by some restaurants through Amazon’s Prime program in the U.S. PHOTO: ANDREW KELLY/REUTERS

By Heather Haddon

Updated July 6, 2022 3:57 am ET

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Amazon.com agreed to add Grubhub to its suite of Prime services in the U.S., in a deal that also gives the e-commerce giant the option to acquire a small stake, the parent of the food-ordering company said.

Grubhub’s parent, Netherlands-based Just Eat Takeaway.com said Amazon has an initial option to take a 2% stake in U.S.-based Grubhub, and U.S. Prime members can have their delivery fees waived from some restaurants. Amazon could bump up its total stake to 15% of Grubhub based on performance terms focused on adding new customers, Just Eat said.

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