(Bloomberg) -- Amazon.com Inc. has agreed to take a stake in Just Eat Takeaway.com NV’s Grubhub and will offer its U.S. Prime users a one-year membership to the food delivery service. 

The membership agreement will renew every year unless Amazon or Grubhub terminates it, Just Eat said in a statement on Wednesday. Amazon will also receive the equivalent of a 2% stake in Grubhub’s common equity with options to increase the holding to 15%. 

Just Eat will continue to explore a partial or full sale of Grubhub, the company said. The deal will be neutral for Grubhub’s financial results this year and be accretive to cash flow and earnings starting in 2023. 


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