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DoorDash Newsroom
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Food Delivery M&A: Wonder Group Confirms Deal for Grubhub
The european food delivery giant sold its usa subsidiary for 0.65 billion dollars, having spent 7.3 billion dollars to acquire it that year.
Wonder Group Inc. announced on Wednesday that it will reach an agreement to sell its US subsidiary Grubhub to Wonder Group for approximately $0.65 billion from Europe's largest takeout company, Just Eat Takeaway, a price significantly lower than the $7.3 billion spent on acquiring Grubhub at the beginning of the COVID-19 pandemic outbreak. Just Eat stated in a declaration on its website that the transaction is expected to be completed in the first quarter of 2025. The company anticipates a net profit of up to 500 million from this transaction.