Grubhub Sold to Delivery Startup Wonder at 90% Loss
Portfolio Pulse from
Just Eat Takeaway has sold Grubhub to the food delivery startup Wonder for $650 million, marking a 90% loss after a two-year search for a buyer.
November 13, 2024 | 12:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Grubhub has been sold to Wonder for $650 million, representing a significant 90% loss for Just Eat Takeaway. This sale concludes a two-year search for a buyer.
The sale of Grubhub at a 90% loss indicates a significant devaluation, which could negatively impact investor sentiment and the stock price in the short term. The completion of the sale after a prolonged search suggests challenges in the business model or market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100