Amazon Forges Deal With Grubhub

Today in the connected economy, Amazon makes a deal with Grubhub that could give it as much as a 15% stake in the food delivery service. Plus, FinTech firm Revolut teams with financial infrastructure platform Stripe to support its expansion plans, while Forever 21 owner Authentic Brands Group (ABG) and checkout technology company Bolt look to expand their partnership after ending their court case.

Amazon could take a 2% to 15% stake in food delivery service Grubhub as part of a deal with parent company Just Eat Takeaway.com that gives Amazon Prime customers a free membership to the service and no-fee delivery from certain restaurants. Just Eat Takeaway will increase Amazon’s ownership stake depending on performance terms focused on adding new Grubhub users.

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