Just Eat's GrubHub nightmare finally ends
Portfolio Pulse from
Just Eat Takeaway.com NV has sold its US acquisition GrubHub to start-up WonderGroup. Just Eat bought GrubHub in 2021 for $7.3 billion but decided to sell it after sales declined post-pandemic.
January 07, 2025 | 2:00 pm
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GrubHub, previously acquired by Just Eat Takeaway.com for $7.3 billion, has been sold to WonderGroup due to declining sales post-pandemic.
The sale of GrubHub by Just Eat Takeaway.com to WonderGroup marks the end of a challenging acquisition. While the sale itself may not immediately impact GrubHub's stock price, it signifies a strategic shift and potential stabilization under new ownership.
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