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24-667: Following clearance by the United Kingdom's Competition and Markets Authority on 22 April 2020, Takeaway.com merged with UK-based food delivery service Just Eat, in February 2020, with Takeaway.com acquiring all of Just Eat's shares in issue. It is listed on Euronext Amsterdam , as well as the London Stock Exchange . In November 2024, the company announced it would be delisting from the London Stock Exchange. Takeaway.com

48-534: A series B -round led by Macquarie Capital and Prime Ventures in 2014. It also launched its new logo in all of their countries. It then raised €328 million ( US$ 363.06 million) from an IPO , valuing the company at €993 million ( US$ 1.1 billion), in 2016. In August that year, it stopped doing business in the UK, selling its customer portfolio to rival Just Eat . In 2017, Pizza.be rebranded to Takeaway.com in Belgium. In 2018,

72-548: A subsidiary of Takeaway.com on 3 February 2020, the British Competition and Markets Authority ordered on the following day that no integration should take place and that the brands should be kept separate until their investigation is completed. On 22 April 2020, the Competition and Markets Authority announced that it was unconditionally approving Just Eat's merger with Takeaway.com, following an investigation. On 11 June,

96-427: Is $ 20, its market capitalization is then $ 80 million. If the closing price per share rises to $ 21, the market cap becomes $ 84 million. If it drops to $ 19 per share, the market cap falls to $ 76 million. This is in contrast to mercantile pricing where purchase price, average price and sale price may differ due to transaction costs. Not all of the outstanding shares trade on the open market. The number of shares trading on

120-541: Is also used in ranking the relative size of stock exchanges , being a measure of the sum of the market capitalizations of all companies listed on each stock exchange. The total capitalization of stock markets or economic regions may be compared with other economic indicators (e.g. the Buffett indicator ). The total market capitalization of all publicly traded companies in 2023 was approximately US$ 111 trillion. Total market capitalization of all publicly traded companies in

144-478: Is sometimes heard. Large caps have a slow growth rate as compared to small caps. Different numbers are used by different indexes; there is no official definition of, or full consensus agreement about, the exact cutoff values. The cutoffs may be defined as percentiles rather than in nominal dollars . The definitions expressed in nominal dollars need to be adjusted over decades due to inflation , population change, and overall market valuation (for example, $ 1 billion

168-668: Is the principal competition regulator in the United Kingdom . It is a non-ministerial government department in the United Kingdom, responsible for strengthening business competition and preventing and reducing anti-competitive activities. The CMA launched in shadow form on 1 October 2013 and began operating fully on 1 April 2014, when it assumed many of the functions of the previously existing Competition Commission and Office of Fair Trading , which were abolished. The CMA also has consumer protection responsibilities and take on new digital markets regulation responsibilities in late 2024 under

192-675: The Competition Commission to create a new single Competition and Markets Authority (CMA). The formation of the CMA was enacted in Part 3 of the Enterprise and Regulatory Reform Act 2013 , which received royal assent on 25 April 2013. In July 2012, Lord Currie was appointed chairman designate of the CMA, and in January 2013, Alex Chisholm was appointed Chief Executive designate. The term 'designate'

216-781: The Digital Markets, Competition and Consumers Act 2024 . The CMA alongside the European Commission , the United States Department of Justice and the Federal Trade Commission , is a globally important antitrust agency. On 15 March 2012, the UK Government 's Department for Business, Innovation and Skills (BIS) announced proposals for strengthening competition in the UK by merging the Office of Fair Trading and

240-632: The commission for using the platform was increased from 12% to 13%. The same year, Takeaway.com acquired Israeli food delivery company 10bis ( Hebrew : תן ביס ) for €135 million ( US$ 149.43 million), as well as local Bulgarian startup BGmenu.com, including its Romanian subsidiary Oliviera.ro; and in 2019 it acquired Lieferheld, Pizza.de, and Foodora in Germany from Delivery Hero . In July 2019, Takeaway.com announced proposals to take over Just Eat . In January 2020, 80.4% of Just Eat shareholders approved Takeaway.com's acquisition deal. Although Just Eat became

264-516: The CMA announced several waves of appointments at the director level, reporting to members of the senior executive team. On 28 March 2014, the CMA published the Rules of Procedure for CMA merger, market, and special reference groups following a consultation from 21 February to 18 March. On 12 August 2019, the CMA's London office moved to The Cabot, 25 Cabot Square, in London's Canary Wharf area. In 2021,

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288-658: The CMA announced that it would establish branch offices in Manchester and Darlington . The Manchester office would house the Digital Markets Unit, charged with "oversee[ing] a new regulatory regime for the most powerful digital firms", forming a 'Digital Hub' with the Digital Regulation Co-operation Forum. The Darlington office, part of the UK Government's Darlington Economic Campus, would be home to

312-413: The CMA is responsible for: Market capitalisation Market capitalization , sometimes referred to as market cap , is the total value of a publicly traded company 's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Market capitalization is sometimes used to rank

336-829: The Microeconomics Unit, in charge of the economic research and evaluation functions of the CMA, including production of the State of Competition report. The Microeconomics Unit is intended to complement the Bank of England 's role in macroeconomics , and in July 2023 announced a research and skills-development partnership with the Durham Research in Economic Analysis and Mechanisms centre at Durham University . In situations where competition could be unfair or consumer choice may be affected,

360-550: The company announced that it would acquire, in an all-stock transaction, US-based Grubhub —valuing the deal at $ 7.3 billion. In July 2020, the company was reported to be in talks with Prosus to sell its 33% stake, inherited from Just Eat, in Brazilian food delivery company iFood , which operates in Brazil and Colombia . The company has a partnership with iFood in these two countries. On 22 March 2021, Just Eat Takeaway.com became

384-431: The open market is called the float. It is equal to or less than N because N includes shares that are restricted from trading. The free-float market cap uses just the floating number of shares in the calculation, generally resulting in a smaller number. Traditionally, companies were divided into large-cap, mid-cap, and small-cap . The terms mega-cap and micro-cap have since come into common use, and nano-cap

408-438: The size of companies. It measures only the equity component of a company's capital structure , and does not reflect management's decision as to how much debt (or leverage ) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It

432-657: The sponsors of the UEFA men's club and women's competitions starting in the 2021-24 cycle after being awarded the first-ever sponsorship contract for the UEFA Euro 2020 . On 16 July 2021, the company announced it would acquire Slovak market leader Bistro.sk, with the acquisition completed in October 2021. On 1 April 2022, the company left Norway and Portugal after announcing its departure in March. On 20 April 2022, Just Eat Takeaway announced it

456-399: The world from 1975 to 2020. Market cap is given by the formula MC = N × P {\textstyle {\text{MC}}=N\times P} , where MC is the market capitalization, N is the number of common shares outstanding, and P is the market price per common share. For example, if a company has 4 million common shares outstanding and the closing price per share

480-568: Was considering a full or partial sale of Grubhub, of which it fully completed its purchase in 2021. The consideration is based on investor pressure and decreased profits, with Just Eat Takeaway's entire market capitalisation lower than the price for Grubhub. On 1 June 2022, the company discontinued its Takeaway.com operations in Romania. On 19 August 2022, Just Eat Takeaway.com sold its 33% stake in iFood to Prosus (via Movile ) for €1.8 billion. In November 2024, Just Eat Takeaway announced that it

504-429: Was created by Jitse Groen in 2000 after he had a difficult time ordering food online from local restaurants. Initially, Groen wanted to deliver all kinds of consumer goods; however, he noticed that food deliveries had the most demand, and decided to make this the company's primary focus. In 2002, co-founder Ruben Eilander quit Takeaway because the business was growing slowly. According to Groen, in these early years, he

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528-452: Was dropped when the CMA was launched on 1 October 2013. On 15 July 2013, BIS announced the first stage of an open public consultation period and published a summary setting out the background to the consultation and inviting views on the draft guidance for the CMA. The first stage of the consultation ended on 6 September 2013. On 17 September, BIS announced the second consultation stage, which closed on 7 November 2013. During 2013 and 2014,

552-565: Was relying on his student loans to keep himself financially afloat. Thanks to broadband internet becoming mainstream around 2003, the business started growing massively, and Groen decided to quit his studies to focus on the company. The company benefited from an investment of € 13 million ( US$ 16.7 million) from Prime Ventures—a venture capital and growth equity firm—in 2012. It began accepting Bitcoin in November 2013. It benefited from another investment of €74 million ( US$ 98.31 million) in

576-605: Was selling Grubhub to restaurant chain Wonder Group Inc for $ 650m. Just Eat bought Grubhub in a $ 7.3bn deal agreed in June 2020. On 27 November 2024, the company announced it would be delisting its shares from the London Stock Exchange, making Amsterdam, where it is headquartered, the sole location for trading its shares. The company operates under different brand names in different countries. Competition and Markets Authority The Competition and Markets Authority ( CMA )

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