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Market
Wonder Group's primary strategic focus for Grubhub by end of 2025
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Resolution / Starting Odds
Expansion • 25%
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Service diversification • 25%
Cost reduction • 25%
Official announcements or interviews with Wonder Group executives
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.
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Expansion to new cities • 25%
New partnerships • 25%
New product offerings • 25%
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Top 3 • 25%
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Acquisition of another company • 25%
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Uber Eats • 25%
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