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Chicago & Midwest  + Downtown  + Retail  | 

Amazon Takes Stake in Grubhub, Offers Prime Members One-Year Trial 

Amazon has agreed to take a 2% stake in Grubhub, the Chicago-based food delivery business acquired in 2021 by Netherlands-based Just Eat Takeaway (JET). The retailing giant will also offer Amazon Prime members in the U.S. a free one-year trial for Grubhub delivery. 

The agreement between Amazon and JET gives Amazon the opportunity to increase its Grubhub stake to 15%. Amazon’s stake will be in warrants, the vesting of which is subject to the satisfaction of certain performance conditions. The agreement automatically renews annually unless terminated by either Amazon or Grubhub. 

Meanwhile, JET affirmed Wednesday that it’s continuing to explore a full or partial sale of Grubhub, for which it paid $7.3 billion last year. The company announced this past April that it was considering a sale. 

Grubhub has attracted preliminary interest from private equity firms including Apollo Global Management, Bloomberg News reported in June. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).