Just Eat Takeaway Sells Grubhub at Massive Loss to Former Walmart Exec's Startup
Just Eat Takeaway.com is selling Grubhub to Wonder Group for $650 million, significantly less than the $7.3 billion it paid in 2020. The deal includes $150 million in cash and $500 million in senior notes, and is expected to close in early 2025. Just Eat Takeaway.com aims to focus on markets where it has a competitive advantage, while Wonder Group plans to enhance its food delivery services. The sale is seen as a strategic move to boost growth and cash generation for Just Eat Takeaway.com.
