Just Eat Takeaway Sells Grubhub for $650 Million, Just 3 Years After Buying the App for $7.3 Billion
Wonder Group, a New York-based food ordering company that touts “fast fine” dining, is set to be Grubhub's new owner. 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.
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.
Chicago-based Grubhub sells for $650 million, just 3 years after selling for $7.3 billion
Wonder Group, a New York-based food ordering company that touts "fast fine" dining, is set to be Grubhub's new owner.
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.
Just Eat Takeaway sells Grubhub for $650M, just 3 years after buying the app for $7.3B
European food delivery giant Just Eat Takeaway 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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