Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago.
Wonder buys Grubhub in $650 million food delivery app deal
The food delivery app Wonder Wednesday announced it has bought Grubhub in a $650 million dollar combination debt and cash deal.
Just Eat is selling Grubhub to Marc Lore’s Wonder for $650M
Just Eat is selling off Grubhub to fancy food hall delivery startup Wonder in a deal worth $650 million. The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals. Wonder is owned by businessman Marc Lore, the former Walmart e-commerce CEO and part-owner of the Minnesota Timberwolves.
Wonder to acquire food delivery platform Grubhub
The acquisition is anticipated to close by Q1 2025, subject to regulatory approvals and customary closing conditions.
Just Eat Takeaway finally offloads Grubhub, sells to Wonder for $650M
Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based
Just Eat Takeaway sells Grubhub for $650 million as shares jump
The Amsterdam-listed company said it would sell Grubhub, which it has been looking to offload since 2022, sending its shares soaring more than 15%.
Grubhub founder made $1bn proposals to buy company back from Just Eat Takeaway
The founder of Grubhub said he twice attempted to buy back the food delivery business from Just Eat Takeaway for more than $1bn, making the revelation days after the Dutch group announced a deal to sell its US subsidiary at a huge loss for just $650mn.
Startup Wonder Buys Grubhub From Just Eat Takeaway for $650 Million
The European parent company of the popular food delivery app company had sought to leave the U.S. market since 2022.
Just Eat Takeaway sells Grubhub for $650M, just 3 years after buying it for $7.3B
Under terms of the deal, announced Wednesday, Wonder will acquire Grubhub from Just Eat Takeaway.com for $150 million in cash and $500 million in senior notes. That's far less than than the pricetag on Grubhub's last sale.
Grubhub just sold for a tenth of what it was worth during the pandemic
A startup called Wonder is now the new owner of Grubhub. The food delivery app announced its acceptance of the deal on its ...
Wall Street drifts to a mixed close; GrubHub parent to sell the delivery app at a huge loss
NEW YORK — U.S. stocks drifted to a mixed finish Nov. 13 after the latest inflation update boosted hopes that more help for ...
Restaurant Business2d
Wonder to acquire Grubhub for $650M
The deal will give Marc Lore’s food hall-delivery chain a nationwide network of couriers and restaurants. And it will end ...
Crain's Chicago Business2d
Grubhub sold at steep discount from its peak during the pandemic
It plans to operate 100 outlets by January 2026. Wonder steers customers to its mobile ordering app, though its food is ...