Just Eat Takeaway sells Grubhub for $650 million as shares jump
Just Eat CEO Jitse Groen had in February said the M&A environment was not easy in the U.S., where caps on how much delivery firms can charge restaurants cost the group some $100 million per year. Grubhub's enterprise value of $650 million includes $500 ...
Just Eat Takeaway sells US unit Grubhub for $650 million
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. The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since as early as 2022,
Just Eat shares spike after it announces Grubhub sale
Delivery platform Just Eat has agreed to sell its American arm, Grubhub, to the US takeaway startup Wonder. Shares in Just Eat rose 19 per cent in early trades on the news. Just Eat sold the platform for $650m (£500m),
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 Group, a New York-based food ordering company that touts “fast fine” dining,
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.
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 Takeaway offloads US unit Grubhub for $650 million, 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.
Just Eat Takeaway Shares Jump After Company Agrees to Grubhub Sale
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 the unit.
Grubhub just sold for $650 million. Four years ago it was worth $7.3 billion
Europe’s biggest meal delivery firm Just Eat Takeaway TKWY.AS 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 ...
Chicago-based Grubhub sold for $650 million to Wonder Group Inc.
Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery ...