That’s far less than the price tag on Grubhub’s last sale. Back in 2020, during the early days of the COVID-19 pandemic and a surge in demand for takeout meals, Just Eat agreed to buy Grubhub ...
Europe’s biggest meal delivery firm, Just Eat Takeaway, said on Wednesday it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million, sending its shares soaring 20% in early ...
It expects net proceeds of as much as $50 million from the deal. “The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com,” Just Eat CEO Jitse ...
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.
The company first announced it was looking to sell Grubhub in April 2022 to focus on profitability, less than a year after closing the deal to acquire it, but last year, its CEO said a sale was ...