Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion
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Just Eat Takeaway.com has sold Grubhub for $650 million, significantly less than the $7.3 billion it paid for the company three years ago.
November 14, 2024 | 11:15 am
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Grubhub has been sold by Just Eat Takeaway.com for $650 million, a significant decrease from its $7.3 billion purchase price three years ago.
The sale of Grubhub at a much lower price than its purchase indicates a potential devaluation of the company, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100