The new agreement between the two firms, which automatically renews each year unless terminated by one the parties, will see Amazon receive warrants over two per cent of Grubhub’s fully-diluted common equity.
It comes as the Anglo-Dutch meal ordering firm looks to offload Grubhub, with bosses saying they will still explore a partial or full sale of the division.
Just Eat has come under fire from investors for the move to snap up US-headquartered Grub Hub in 2020 for $7.3bn in stock.
Shares are down nearly 70 per cent this year and Chief Executive Jitse Groen has been criticised by some of the firm’s top investors, including its second-largest shareholder Cat Rock, for the purchase.
