Just Eat is selling Grubhub to Marc Lore’s Wonder for $650M - MSN

J ust Eat is selling off Grubhub to fancy food hall delivery startup Wonder in a deal worth $650 million. The transaction is expected to close in the first quarter of 2025, subject to regulatory ...

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Just Eat Is Selling Grubhub To Marc Lore’s Wonder For $650M - MSN

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J ust Eat is selling off Grubhub to fancy food hall delivery startup Wonder in a deal worth $650 million. The transaction is expected to close in the first quarter of 2025, subject to regulatory ...

msn.com

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Grubhub To Be Sold To Marc Lore's Wonder Group For $650 Million …

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Wonder Group has agreed to buy Grubhub in a $650 million in a deal that will conclude Grubhub parent company Just Eat Takeaway.com's yearslong struggle to find a buyer. Why it matters: …

msn.com

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Wonder Group To Buy Food Delivery Service Grubhub For $650 …

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1 day ago · Wonder Group has agreed to acquire Grubhub for $650 million from Just Eat Takeaway, which had struggled for more than a year to find a buyer. Why it matters: The deal …

axios.com

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Wonder To Acquire Grubhub For $650M - Yahoo Finance

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2 days ago · Wonder to acquire Grubhub for $650M. Joe Guszkowski . Wed, Nov 13, 2024, 9:14 AM 2 min read. ... The companies on Wednesday said the deal will allow Wonder to offer …

yahoo.com

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US Startup Buys Just Eat Takeaway’s Grubhub For $650 Million

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1 day ago · Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com NV for about $650 million, acquiring the restaurant delivery service at a steep discount to the $7.3 billion …

bloomberg.com

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Wonder Snaps Up Grubhub For $650M As Owner Just Eat

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1 day ago · Foodtech specialist Wonder Group is acquiring delivery company Grubhub from Just Eat for $650 million including debt—a disappointing outcome in a sector still reeling from a …

pitchbook.com

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Just Eat Takeaway Sells Grubhub To Wonder For $650M, Marking …

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20 hours ago · Just Eat Takeaway.com JTKWY has announced the sale of its U.S. food delivery business, Grubhub, to Wonder Group for an enterprise value of $650 million. What Happened: …

benzinga.com

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Wonder To Acquire Grubhub For $650M | ROI-NJ

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2 days ago · Wonder Group said on Wednesday that it is buying Just Eat Takeaway.com’s U.S. business, Grubhub in a deal valued at $650 million. The deal is expected to be completed by …

roi-nj.com

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Wonder To Acquire Food Delivery Platform Grubhub

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15 hours ago · Food delivery company Wonder has announced its plans to acquire GrubHub from Just Eat Takeaway.com for an enterprise value of $650m, which includes $500m in senior …

verdictfoodservice.com

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Wonder Raises $700M, Plans Nearly 100 Locations By 2025

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Mar 21, 2024 · After snagging $700 million in funding, Wonder, the food truck-turned-food hall concept founded by billionaire entrepreneur Marc Lore, is gearing up to launch nearly 100 …

njbiz.com

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Investor Mark Lore's Wonder Group Closes It's Deal For Meal

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Nov 13, 2023 · Courtesy of Wonder. Blue Apron Holdings will live to see another day, but not as an independent business. Marc Lore’s Wonder Group has closed its $103 million acquisition of …

fortune.com

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Blue Apron’s Acquisition By Wonder Group Offers Investors An Out …

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Sep 29, 2023 · Wonder Group will pay Blue Apron shareholders $13 per share through a tender offer that values the company at $103 million – a premium of 137% of Blue Apron’s closing …

foodnavigator-usa.com

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Wonder Group Raises $700M To Continue To Grow ‘super App Of

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March 21, 2024. Wonder's Midland Park, New Jersey location. - Wonder. Marc Lore, a former Walmart executive who founded such brands as diaper.com and jet.com, said in a LinkedIn …

roi-nj.com

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Nestlé Invests, Partners With Food-delivery Startup Wonder Group

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Nov 8, 2023 · CNBC said the deal included a $100 million investment from Nestle, along with a strategic partnership. The report said that Nestle will manufacture pizza and pasta for …

fooddive.com

FAQs about Just Eat is selling Grubhub to Marc Lore’s Wonder for $650M - MSN Coupon?

Is Just Eat takeaway selling Grubhub to wonder group?

Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based Wonder Group in a deal valued at $650 million — a stark 91% less than the $7.3 billion Just Eat Takeaway paid for the company just four years ago. ...

Who bought Grubhub?

W onder Group has agreed to buy Grubhub in a $650 million in a deal that will conclude Grubhub parent company Just Eat Takeaway.com's yearslong struggle to find a buyer. ...

Will Grubhub sell to wonder?

“The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com and will accelerate our growth,” Jitse Groen, Just Eat Takeaway’s CEO, said in a statement. The company said the sale would allow it to invest in countries where it has a competitive advantage and generate free cash flow. ...

Will wonder take on Grubhub's debt?

Wonder, which started as a food delivery business in 2018 but has since pivoted to operating delivery-focused restaurants in New York and Philadelphia, will take on $500 million of Grubhub’s debt. ...

What's going on with Grubhub?

Get the rundown of the biggest stories of the day with Axios Daily Essentials. Wonder Group has agreed to buy Grubhub in a $650 million in a deal that will conclude Grubhub parent company Just Eat Takeaway.com's yearslong struggle to find a buyer. ...

Why does the Grubhub deal matter?

Why it matters: The deal price reflects a dramatic decline from Grubhub's $7.3 billion valuation in 2020, and is the latest transaction in a food delivery sector that continues to struggle post pandemic. Driving the news: Wonder Group, a food-delivery focused startup from former... ...