McDonald's, Just Eat Takeaway.com Ink Long-Term Strategic Partnership

Just Eat Takeaway.com N.V. and McDonald's Corp MCD have entered into a global strategic partnership to support the McDelivery business. The financial terms of the arrangement were not disclosed.
Just Eat Takeaway.com's geographic coverage, food-delivery marketplace, and 500,000 couriers worldwide support its delivery partners, such as McDonald's.
The partnership will elevate local partnerships between the parties, reducing complexity to innovate at scale and improve operational efficiency.
"We are excited to announce this new partnership with McDonald's, which represents a next step in growing a mutually beneficial food delivery business and opens the door for further growth in the markets in which the partnership is active," said Joerg Gerbig, COO of Just Eat Takeaway.com.
Price Action: MCD shares closed lower by 1.54% at $235.25 on Monday.