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The Independent UK

National

Wyatte Grantham-Philips

Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion

Grubhub Just Eat United States Wonder Just Eat Takeawaycom DoorDash Marc Lore Uber Eats

Grubhub Sale - (Copyright 2018 The Associated Press. All rights reserved.)

European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago.

Wonder Group, a New York-based food ordering company that touts “fast fine” dining, is set to be Grubhub's new owner. Under terms of the deal, announced Wednesday, Wonder will acquire Grubhub from Just Eat Takeaway.com for $150 million in cash and $500 million in senior notes.

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