Shareholders of U.K.-based Just Eat agreed to a US$8-billion takeover offer. The deal ends a months-long takeover battle between Dutch rivals Takeaway and Prosus, and creates the biggest food-delivery company in Europe. (Bloomberg)

Talking point: The deal marks the latest in a string of consolidations as competitors scramble to capture greater swaths of a market reflecting major shifts in consumer eating habits. The challenge for Takeaway and competitors like Uber, DoorDash and Deliveroo is finding a path to profitability through the frenzied growth—Takeaway lost €37.4 million (more than $54 million) in the first half of its last fiscal year, while Just Eat lost £8.8 million (about $15 million). The new conglomerate will consider selling Just Eat’s 33 per cent stake in Brazil’s iFood and returning about 50 per cent of net proceeds from the sale to its shareholders, which could help appease them amid a dearth of dividend payouts.