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Takeaway Says Just Eat Takeover Is A Done Deal, Approval Pending

PYMNTS

While the two firms still need the go-ahead from a competition authority before they combine operations, Netherlands-based online food ordering company Takeaway.com made it known that its purchase of Just Eat was a done deal. 10 in its all-stock offer for Just Eat, which came out ahead of a competing Prosus NV cash bid.

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The Race For Online Grocery Shopping Heats Up

PYMNTS

The companies are testing the service in four California and Oklahoma markets, with an eye toward a national launch in 2021. The first big move was the introduction this month of an online marketplace to enhance the popular Kroger Ship service and widely expand the digital assortment of private-label products that Kroger has on offer.

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Amazon’s Plan To Enter UK Car Market Causes Problems For Britain’s Auto Sites

PYMNTS

online auto sales market after a current test run in Italy has unnerved shareholders of Britain’s biggest auto dealer websites. According to Bloomberg Markets , the news that Amazon might be selling vehicles in the U.K. In addition, manufacturers are allowing customers to configure cars online. to Alphabet, Inc.

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UK Investigation Could Delay Takeaway-Just Eat Deal

PYMNTS

Takeaway.com fought a months-long battle against rival Prosus NV for the right to buy Just Eat, finally coming out victorious. Competition and Markets Authority (CMA) has reversed its initial position on the deal. market without the current deal with Just Eats in place. market without the current deal with Just Eats in place.

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Yandex, The Russian Google, Has 15-Minute Grocery Delivery 

PYMNTS

Russia’s biggest technology firm, Yandex NV, launched an online service that uses bike couriers to bring groceries to Moscow residents in 15 minutes, Bloomberg reported on Tuesday (Jan. The free service, called Lavka, stocks roughly 2,000 items and plans to operate as a digital convenience market for items like toothpaste and condoms.

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Adyen Shares Start Trading At 67 Percent Above IPO Pricing

PYMNTS

The company won’t receive any proceeds from the IPO, which implies a market capitalization of €7.1 Volatile stock markets and political uncertainty has made it challenging for other Europe-based companies to sell shares. ABN Amro Bank NV , BofA Merrill Lynch and Citigroup were appointed as joint bookrunners.

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Mattress Firm Eyes Bankruptcy, Store Closures

PYMNTS

Steinhoff International Holdings NV, which is the parent of Mattress Firm and acquired the company in 2016, has reportedly sought to restructure some of its subsidiaries’ debt. This was, in part, due to a wave of new manufacturing startups selling mattresses online, including Casper, Helix Sleep , Saatva, Tuft & Needle, Leesa and Purple.

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