After finding a buyer More than two yearsJust Eat Takeaway.com has finally closed its menu on Grubhub. The Dutch food delivery giant said on Tuesday. Completed sale of US business to Wonder.Food startup founded by e-commerce veteran Marc Lore. The deal values the enterprise at $650 million and will bring Grubhub with $500 million in debt. In other M&A fees, Just Eat Takeaway will snap up just $50 million, a tiny fraction of Grubhub's $7.3 billion valuation. 2020 all-share deal.
The transaction was announced. November 2024Emphasis on continued reduction — or right size. – In the industry to focus more on profitability after years of investment and unrealistic growth targets. Just Eat Takeaway said it will turn its focus to investing in countries where it has its biggest competitive advantage.
In Wonder's case, Lore is somewhat of a legend in the e-commerce world, having previously founded and sold companies. Amazon and Walmart. Wonder has raised about $1.7 billion and has goals. It will be released to the public at a valuation of $40 billion in the coming years.Lore said; But it would mean much more economic growth than it does today. Grubhub has been in debt for some time, but that gives it a national footprint. Ultimately the challenge is whether Wonder can turn it around.