Just-Eat (http://www.crunchbase.com/company/just-eat-com), the online food ordering giant of Europe, is continuing its rapid expansion, working out a partnership / acquisition deal (http://www.businesswire.com/news/home/20120111005491/en/Just-Eat-Moves-France-Alloresto-Joint-Venture) with Alloresto.fr (http://www.alloresto.fr/), the online food delivery leader in France. Just-Eat CEO Klaus Nyengaard, who blogged about the deal here (http://klausnyengaard.com/finally-vive-la-france/), tells me it took over a year to work out the arrangement.
In an initial phase, Alloresto will be run as a joint-venture between the two companies, and after 'a few years' Just-Eat will acquire the remaining shares. Sebastien Forrest, founder and CEO of Alloresto, will continue to head the company as part of the deal terms.
Read more at TechCrunch Europe (http://eu.techcrunch.com/2012/01/11/just-eat-moves-to-conquer-french-food-delivery-market-acquires-alloresto/).
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