Grubhub to be sold for a fraction of what Just Eat Takeaway paid in 2021
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Grubhub is set to be sold to Wonder Group for a significantly lower price than what Just Eat Takeaway paid in 2021. This sale follows Wonder Group's acquisition of Blue Apron last year.
November 13, 2024 | 9:00 am
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Just Eat Takeaway is selling Grubhub to Wonder Group for a fraction of its 2021 purchase price, indicating a potential loss on the investment.
The sale of Grubhub at a lower price than what Just Eat Takeaway paid in 2021 suggests a financial loss, which could negatively impact JTKWY's stock price in the short term.
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IMPORTANCE 70
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