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The BBC reports that British food delivery service, Just Eat is in talked to be acquired by a Dutch food delivery company, Takeaway. According to the story, the combined company would have an approximate market value of $11 billion (US).

The BBC points out that Just Eat says that “a fifth of the adult population in the UK used its services, while its delivery business in Canada - Skip The Dishes - was growing rapidly after the introduction of a bilingual service.” However, Just Eat is facing off in a pitched battle in the UK with the likes of Uber Eats and Deliveroo (which recently got a $575 million investment from Amazon, though the deal has been put on hold by antitrust regulators concerned about the impact on competition), and it has investors who are pushing for a sale, believing that it will be better served by being part of a larger, better financed concern.
KC's View:
I’m a cynic. I tend to think that when investors say that a company will be better off after being acquired, what they really mean is that they want to cash out so they’ll be better off. Nothing wrong with that, and in fact both things may be true. But comments like these always set off my cynicism radar.

I do tend to think that we may see more such deals in coming weeks and months, that we could be hitting a time when M&A activity in this sector could pick up. It would seem about the right time, because there are a lot of players out there right now, and alliances could prove to be effective … especially if Amazon is prevented from making investments and acquisitions because of antitrust concerns, which could leave the window open for other companies to play let’s-make-a-deal.