Loading...
Market
Story
Just Eat Takeaway Sells Grubhub to Wonder Group for $650 Million, a 91% Loss
Nov 13, 2024, 01:29 PM
Wonder Group Inc., a New York-based food delivery startup led by former Walmart executive Marc Lore, is acquiring Grubhub from Just Eat Takeaway in a deal valued at $650 million. Wonder will pay $142 million in cash and assume $500 million in debt, with the transaction expected to close in the first quarter of 2025. This sale represents a significant loss for Just Eat Takeaway, which purchased Grubhub for $7.3 billion in 2020, marking a 91% decline in value. Grubhub is based in Chicago.
View original story
Similar markets
Expansion to new cities • 25%
New partnerships • 25%
New product offerings • 25%
No major initiatives • 25%
CEO change • 25%
CFO change • 25%
Other C-level changes • 25%
No major changes • 25%
Increase by more than 10% • 25%
Increase by up to 10% • 25%
Decrease by up to 10% • 25%
Decrease by more than 10% • 25%
CEO change • 25%
CFO change • 25%
COO change • 25%
No significant changes • 25%
Full compliance • 25%
Partial compliance • 25%
Non-compliance • 25%
Not publicly reported • 25%
Top 3 • 25%
4th to 6th • 25%
7th to 10th • 25%
Below 10th • 25%
CEO change • 25%
COO change • 25%
CISO change • 25%
No changes • 25%
Mark Zuckerberg remains CEO • 25%
New CEO appointed • 25%
Other executive changes • 25%
No changes • 25%
CEO change • 25%
CFO change • 25%
Both CEO and CFO change • 25%
No major changes • 25%