Just Eat Takeaway sells Grubhub for $650 million as shares jump
Europe's biggest meal delivery firm Just Eat Takeaway said on Wednesday it had agreed to sell its U.S. unit Grubhub to Wonder at a steep loss to the billions it paid a few years ago, ending a years-long search for a buyer and boosting its shares.
Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion price tag it commanded ...
Just Eat Takeaway.com shares jumped after the company said it agreed to the sale of its U.S. subsidiary Grubhub to former Walmart executive Marc Lore's startup Wonder, ending a two-year saga over ...
Just Eat originally bought Grubhub for $7.3 billion in 2020. Catalysts Seana Smith and Madison Mills report more on this deal in the video above. Just Eat Takeaway's stock is rising by over 16 ...
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