Grubhub just sold for $650 million. Four years ago it was worth …

Nov 13, 2024 · 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, …

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Grubhub Just Sold For $650 Million. Four Years Ago It Was Worth …

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Nov 13, 2024 · 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, …

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Just Eat Sells US Business Grubhub For 650m Dollars At Steep …

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Nov 13, 2024 · Just Eat has sold its US business Grubhub to the food delivery startup Wonder for 650 million dollars (£502.5 million), more than two years after it announced plans for a sale.

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Just Eat Takeaway Sells Grubhub For $650 Million, Just 3 Years …

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Nov 14, 2024 · That’s far less than than the price tag on Grubhub’s last sale. Back in 2020, during the early days of the COVID-19 pandemic and a surge in demand for takeout meals, Just Eat …

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Just Eat Sells Grubhub At 90% Discount - News - Thecaterer.com

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Nov 13, 2024 · Just Eat Takeaway has agreed to sell Grubhub for an enterprise value of $650m (£510m), which is less than a tenth of the price it paid to acquire the brand in 2021.

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Chicago-based Grubhub Sells For $650 Million, Just 3 Years After ...

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Nov 14, 2024 · European food delivery giant Just Eat Takeaway.com is selling Chicago-based Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three …

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Just Eat Takeaway Offloads US Unit Grubhub For $650 Mln, Shares …

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Nov 13, 2024 · 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 …

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Grubhub Just Sold For A Tenth Of What It Was Worth During The …

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DeepSummary The episode discusses the recent acquisition of food delivery app GrubHub by a startup called Wonder for $650 million, significantly lower than the $7.3 billion price Just Eat …

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Grubhub Sold At A 90% Loss: What Does It Mean For The Future?

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Dec 16, 2024 · Grubhub recently sold for $650 million, a 90% loss over the price paid of $7.3 billion in 2020. This raises big questions about the sustainability and future of delivery service …

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FAQs about Grubhub just sold for $650 million. Four years ago it was worth … Coupon?

Will Grubhub be sold to wonder?

The Amsterdam-listed company said it would sell Grubhub, which it has been looking to offload since 2022, to Wonder for $650 million, sending its shares soaring more than 15%. It had bought the business for $7.3 billion in 2020 when the pandemic drove up delivery firms' valuations. ...

Who owns Grubhub?

The food-delivery startup Wonder purchased Grubhub from Just Eat Takeaway earlier today. A startup called Wonder is now the new owner of Grubhub. The food delivery app announced its acceptance of the deal on its website earlier today. Wonder acquired Grubhub from the Dutch food company Just Eat Takeaway for $650 million. ...

Why did just eat buy Grubhub?

Amsterdam-based Just Eat bought Grubhub in a bid to get access to the US food delivery market, but order numbers have lagged in recent years. By April 2022, it announced plans to sell the company, amid growth from competitors such as Uber Eats. ...

Why did just eat takeaway sell Grubhub to wonder?

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. ...

How much is Grubhub worth?

Grubhub’s enterprise value of $650 million includes $500 million of senior notes and $150 million cash, Wonder said in a statement. Wonder is a food-delivery startup led by former Walmart executive Marc Lore. Advanced talks between the two companies were first reported by the Wall Street Journal on Tuesday. ...

Why did Grubhub get a $7.3 billion deal in 2022?

The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since as early as 2022, after acquiring it in 2020 in a $7.3 billion deal amid a pandemic-driven boom in delivery services — a process that was hampered by slowing growth, high taxes and a question of fee caps in New York City. ...