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Chicago & Midwest  + Downtown  + Hospitality  | 

Grubhub Sale Finalized; New CEO Will Take the Reins

Amsterdam-based Just Eat Takeaway (JET) has completed its all-stock acquisition of Chicago-based Grubhub, a deal reportedly valued at $7.3 billion. Grubhub will remain headquartered in Chicago; however, founder Matt Maloney has stepped down as CEO and will be succeeded by president and CFO Adam DeWitt.

“The new company is the market leader in Europe, Canada and Australia, with very strong positions in the most important markets in the United States,” said JET CEO Jitse Groen. “It is humbling to run such a company after our start in Holland more than 20 years ago. We welcome Matt and his team to this great company.”

Maloney, who is joining the JET management board, said, “Our companies share an unwavering focus on supporting restaurants and our communities around the world. Together we will continue to innovate and break new ground in our industry as we each have separately for the past 20 years.”


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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 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).