Just Eat Sells Grubhub at 90% Discount to Pandemic Peak - Yahoo …

4 days ago · (Bloomberg) -- Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the …

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Just Eat Sells Grubhub At 90% Discount To Pandemic Peak - Yahoo …

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4 days ago · (Bloomberg) -- Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the …

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

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4 days ago · The price tag represents a roughly 6.65 billion dollar (£5.22 billion) discount, after Just Eat bought Grubhub for 7.3 billion dollars (£5.73 billion) in 2020, during the pandemic …

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Just Eat Takeaway Sells Grubhub For $650 Million | AP News

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3 days ago · According to Just Eat Takeaway.com, the platform generated 237 million orders with a gross transaction value of 8.06 billion euros (about $8.53 billion) last year. Takeaway.com, …

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Just Eat Sells Grubhub At 90% Discount - News

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3 days ago · 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. ... Just Eat …

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Just Eat Takeaway Sells Grubhub For $650 Million, Just ... - Boston …

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3 days ago · NEW YORK — (AP) — 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 …

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Just Eat Sells US Delivery Business Grubhub At Steep Discount

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4 days ago · Just Eat Takeaway.com is to sell its US food delivery platform Grubhub to Wonder Group for $650m (£510m), little more than three years after acquiring the business for $7.3bn …

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Just Eat Sees Best Week Since 2022 After Grubhub Fire Sale

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2 days ago · Shares in the Amsterdam-based food delivery firm are up 27% this week after it agreed to sell Grubhub for $650 million, a steep discount to the $7.3 billion it paid for it during …

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Just Eat Sells Grubhub To Wonder - USA TODAY

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3 days ago · 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 ...

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

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4 days ago · Just Eat had been trying to sell its struggling US unit since 2022, after buying it for 7.3 billion dollars during the pandemic. ... (£5.22 billion) discount, after Just Eat bought …

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Just Eat Offloads Grubhub At A Huge 90% Discount

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4 days ago · LATEST NEWS. 10:11 Live News: DAA exploring geothermal energy to heat and cool Dublin Airport; Irish Funds appoints Natasha Haugh as new director of member services; …

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Just Eat Takeaway Sells Grubhub To Wonder At A 90% Loss

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4 days ago · The news: Wonder Group is buying Grubhub from Amsterdam-based Just Eat Takeaway.com for roughly $650 million. The company will pay $142 million in cash and take …

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Just Eat Takes A Hit On Grubhub Sale - LinkedIn

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4 days ago · Just Eat Sells Grubhub at 90% Discount to Pandemic Peak ... 🚀 Exciting News Alert! 🚀 🌟 Just Eat Takeaway announced the sale of Grubhub to Wonder in a $650 million deal, marking …

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Just Eat Sells Grubhub At 90% Discount To Pandemic Peak - MSN

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Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion price tag it …

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

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4 days ago · 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 Sells Grubhub At 90% Discount To Pandemic Peak

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3 days ago · Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion …

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Just Eat Sells US Business Grubhub For $650m At Steep Discount

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4 days ago · The price tag represents a roughly $6.65 billion (£5.22 billion) discount, after Just Eat bought Grubhub for $7.3 billion (£5.73 billion) in 2020, during the pandemic-fuelled boom in …

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FAQs about Just Eat Sells Grubhub at 90% Discount to Pandemic Peak - Yahoo … Coupon?

Did just eat sell Grubhub?

J ust Eat, the delivery platform, has confirmed the sale of its US division, Grubhub, to American takeaway startup Wonder. The news prompted a 19 per cent surge in Just Eat's shares during early trading. ...

Is Grubhub profitable?

Grubhub is not yet profitable. Just Eat chief executive Jitse Groen said the sale of Grubhub to Wonder will “increase the cash generation capabilities of Just Eat Takeaway.com and will accelerate our growth”. “This deal delivers the right home for Grubhub and its employees. ...

Will the Grubhub deal affect Just Eat's guidance for 2025?

The deal is expected to be completed in the first quarter of 2025 and will not affect Just Eat’s guidance for the year, the company said. Marc Lore, founder and CEO of Wonder, said: “Wonder’s acquisition of Grubhub continues our mission to make great food more accessible. ...

What happened to Grubhub?

As interest rates rose and demand for their services fell, the industry was hit with a wave of consolidations that saw valuations drop sharply from Covid-era peaks. Amsterdam-based Just Eat Takeaway, which bought Grubhub in 2021 in a bid to launch itself into the US food delivery market, has been looking for a way to offload Grubhub for years. ...

How much did just eat sell for in 2021?

The news prompted a 19 per cent surge in Just Eat's shares during early trading. The platform was sold for $650m (£500m), marking a 90 per cent discount on the $7bn it paid in 2021, or a 94 per cent discount when adjusted for inflation, as reported by City AM. ...

Why did wonder sell Grubhub in 2023?

In 2023, Groen said a combination of high price demands from some investors and a weak deal market meant the sale was proving “very difficult.” Wonder will pay $142 million in cash and take on $500 million in Grubhub debt, Wonder Chief Executive Officer Marc Lore told Bloomberg News. ...