> 1 example: they could take on debt from a Bank to make the purchase for example.
How is taking on debt, relevant to an all-stock deal? An all-stock deal means that Grubhub shareholders aren't receiving any cash, they are receiving $7.3B worth of JustEatTakeaway stock.
The only interpretation I can think of, is what the previous poster said - the existing shareholders of JET are getting significantly diluted