Just Eat has sold its US business Grubhub to the food delivery startup Wonder for 650 million dollars (£502.5 million), more than two years after it announced plans for a sale.



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Benzinga

New York

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Just Eat Takeaway Sells Grubhub To Wonder For $650M, Marking Strategic Exit From US Market - Just Eat Takeaway.com (OTC:JTKWY)

Just Eat had been trying to sell its struggling US unit since 2022, after buying it for 7.3 billion dollars during the pandemic.

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Evgeny Lebedev

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Just Eat sells US business Grubhub for 650m dollars at steep discount

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

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Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion

The deal ends Just Eat's fraught ownership of Grubhub, which it bought in 2020 to try and get a foothold in the US food delivery market

Daily Mirror

Reach plc

Just Eat shares surge after it sells US business Grubhub to Wonder for £502.5m

Just Eat Takeaway.com (OTC:JTKWY) has announced the sale of its U.S. food delivery business, Grubhub, to Wonder Group for an enterprise value of $650 million. What Happened: This deal follows ongoing efforts to divest Grubhub after pressure from investors. The transaction is expected to generate net proceeds of up to ...Full story available on Benzinga.com

Four years after selling for $7.3 billion, Grubhub will be acquired for $650 million.

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Grubhub selling to Wonder in $650 million deal

Just Eat has sold its US business Grubhub to the food delivery startup Wonder for 650 million dollars (£502.5 million), more than two years after it announced plans for a sale.

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NEW YORK (AP) — 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.

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Flin Flon Reminder

Flin Flon

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Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion price tag it commanded during the early days of the Covid pandemic. The transaction is expected to close in the first quarter of 2025, Just Eat said in a statement on its website on Wednesday. It expects net proceeds of as much as $50 million from the deal. “The sale of Grubhu…

Chicago Tribune

Alden Global Capital

Chicago

Cook County

Illinois

Chicago-based Grubhub sold for $650 million to to Wonder Group Inc.

Grubhub is being sold for a fraction of its value compared with a 2021 deal, when Just Eat Takeaway.com gobbled up the Chicago-based company in pursuit of a transatlantic empire in food delivery.Wonder, a New York-based food delivery startup, said Wednesday it will acquire Grubhub for $650 million, including $500 million in senior notes and the rest in cash. The value is a far cry from the $7.3 billion Just Eat Takeaway paid for Grubhub.Since th…

Chicago Sun Times

Chicago-based Grubhub sold for $650M to New York-based venture Wonder

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Just Eat sells US business Grubhub for 650m dollars at steep discount

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