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Just Eat Takeaway sells GrubHub to WonderGroup for $650M, a big drop from its $7.3B purchase in 2020.
Just Eat Takeaway has sold its US subsidiary GrubHub to WonderGroup for $650 million, a significant loss from its $7.3 billion purchase in 2020.
The deal includes transferring $500 million of GrubHub's debt, with Just Eat Takeaway receiving only $50 million in proceeds.
The sale reflects the decline in food delivery orders since the pandemic and aims to improve Just Eat Takeaway's financial health.
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Just Eat Takeaway vende GrubHub a WonderGroup por $650M, una gran caída de su compra de $7.3B en 2020.