Wonder Group acquires struggling meal kit company Blue Apron for $103 million

Blue Apron has faced declining revenue and customer loss since going public in 2017.
Competition from meal kit companies, grocery delivery, and restaurants impacted Blue Apron's business.
Wonder Group, founded by Marc Lore, will pay $13 per share to acquire Blue Apron.
The deal values Blue Apron at $103 million, a significant premium over its recent stock price.
Wonder Group plans to continue Blue Apron's operations and enhance its mealtime offerings.