Official press releases from Wonder Group or Just Eat Takeaway.com

Just Eat Takeaway Sells Grubhub to Marc Lore's Wonder for $650M, Down from $7.3B Purchase

Nov 13, 2024, 09:30 AM

Wonder Group, a New York-based food-delivery startup led by former Walmart executive Marc Lore, has agreed to acquire Grubhub from Just Eat Takeaway.com in a deal valued at $650 million. The transaction, expected to close in the first quarter of 2025, includes $150 million in cash and the assumption of $500 million in debt. This sale represents a significant loss for Just Eat Takeaway.com, which acquired Grubhub for $7.3 billion in 2021, marking a 91% decrease in value.