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The Guardian - UK

Business

Joanna Partridge

Just Eat Takeaway to sell US arm Grubhub at a loss of more than $6.5bn

Grubhub Just Eat Just Eat Takeaway United States Wonder Marc Lore Covid-19 Netherlands

A Grubhub delivery bag on a bicycle in Brooklyn, New York City, US — Just Eat Takeaway bought Grubhub in 2020 after the first Covid lockdowns. Photograph: Andrew Kelly/Reuters

The food delivery company Just Eat Takeaway is selling Grubhub to the delivery-focused restaurant chain Wonder for $650m (£510m), only four years after buying the US app in a multibillion-dollar tie-up after the first Covid lockdowns.

The Netherlands-based Just Eat, which is Europe’s largest meal delivery company, had been looking to offload its US unit since as early as 2022, as the pandemic-fuelled boost to online food shopping faded and it grappled with tough competition.

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