Reported 11 days ago
Just Eat Takeaway.com has agreed to sell Grubhub for $650 million, significantly lower than the $7.3 billion it paid for the food delivery platform just three years ago. The buyer, Wonder Group, will pay $150 million in cash and $500 million in notes. Just Eat aims to focus on growth in regions where it is most competitive. The deal is anticipated to finalize in early 2025 pending regulatory approvals.
Source: YAHOO