Announced
Completed
Financials
Tags
hospitality
Acquisition
Completed
online platform
Private
United Kingdom
Online and Social Platforms
Single Bidder
Majority
Friendly
Synopsis
Just Eat, a global marketplace for takeaway food delivery, completed the acquisition of Flyt, a software platform provider, from Time Out Group, a global media and entertainment company, for £22m ($27m). “Bringing Flyt into our Group will accelerate the take-up of these services around the world and allow the Flyt team to innovate with new and exciting technology solutions for the industry. We’ve admired Flyt for some time and are hugely impressed by their technology - integration between Just Eat and our restaurant partners is a critical component to providing world class food delivery services,” Peter Duffy, Just Eat Interim CEO.
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