Netherlands-based Just Eat Takeaway announced today that it is selling Grubhub to Wonder in a deal valued at $650 million.
Just Eat Takeaway said that it expects the deal to be completed by Q1 2025.
“The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com and will accelerate our growth. This deal delivers the right home for Grubhub and its employees. I would like to thank everyone at Grubhub for their contributions to both Grubhub and the wider Just Eat Takeaway.com business,” Just Eat Takeaway’s founder Jitse Groen said in a statement.
Just Eat Takeaway company had acquired Grubhub in 2020 in a $7.3 billion deal.
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