Just Eat Takeaway Sells Grubhub to Wonder Group for $650 Million

The sale marks Just Eat's strategic exit from the U.S. market, concluding a challenging investment period.

Just Eat Takeaway sold Grubhub to Wonder Group for $650 million, a significant markdown from the $7.3 billion purchase price in 2020.
The transaction includes $150 million in cash and $500 million in assumed debt, with completion expected in early 2025 pending regulatory approval.
Wonder Group, led by former Walmart executive Marc Lore, plans to integrate Grubhub into its food service platform to enhance its offerings.
The sale aims to improve Just Eat's financial position and allow the company to focus on markets where it holds a competitive advantage.
Grubhub struggled to compete in the U.S. market, holding only 8% of consumer spending in food delivery compared to DoorDash's 67% and Uber Eats' 23%.