Grubhub founder made $1bn proposals to buy company back from Just Eat Takeaway
The founder of Grubhub said he twice attempted to buy back the food delivery business from Just Eat Takeaway for more than $1bn, making the revelation days after the Dutch group announced a deal to sell its US subsidiary at a huge loss for just $650mn.
Just Eat Takeaway sells Grubhub for $650 million as shares jump
Europe's biggest meal delivery firm Just Eat Takeaway said on Wednesday it had agreed to sell its U.S. unit Grubhub to Wonder at a steep loss to the billions it paid a few years ago, ending a years-long search for a buyer and boosting its shares.
Wonder Group Inc. is buying Grubhub from Just Eat Takeaway.com for about $650 million, acquiring the restaurant ...
Just Eat has sold Grubhub to Wonder at a significant financial loss, highlighting changes in the food delivery market. The ...
The FT reported on Friday that Matt Maloney, Grubhub's co-founder and former chief executive, twice attempted to buy back the food delivery provider for over USD1 billion. Just Eat Takeaway announced ...
The acquisition is anticipated to close by Q1 2025, subject to regulatory approvals and customary closing conditions.
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