Grubhub Sold to Wonder for $650M, Marking Major Valuation Drop
Just Eat is selling Grubhub to Marc Lore's Wonder for $650 million, with the deal expected to close in early 2025 pending regulatory approval. Wonder, known for its food hall delivery service, plans to integrate Grubhub into its platform, creating a "super app" for meals that includes restaurant partners, groceries, and meal kits. Just Eat had originally purchased Grubhub for over $7 billion in 2021.