Just Eat Sells Grubhub at 90% Discount to Pandemic Peak
- Deal is expected to close in the first quarter of 2025
- Just Eat has been publicly shopping Grubhub for years
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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 price tag it commanded during the early days of the Covid pandemic.
The transaction is expected to close in the first quarter of 2025, Just Eat said in a statement on its website on Wednesday. It expects net proceeds of as much as $50 million from the deal.