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The Latest Breaking News from Marc Lore

Exclusive: Marc Lore says Wonder is gearing up for an IPO after raising $650 million at a $9 billion valuation

Wonder, which owns Grubhub and Blue Apron, is betting robotics, AI, and a nationwide expansion can reshape restaurant delivery before going public.

Fortune

Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45.

The Wonder founder is automating fast-casual food with machines that make salad and poke bowls, sauces, and eventually drinks but there are few roles for humans in these kitchens.

Fortune

Exclusive: Marc Lore and Melissa Bridgeford’s Wizard emerges from stealth

Wizard, an AI-native shopping agent cofounded by Marc Lore and CEO Melissa Bridgeford, is coming out of a nearly 5-year private beta.

Fortune

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Kevin Garnett to Reunite with Timberwolves in New Business Role

Big news for the Wolves fans in your life.

Sports Illustrated

Deal Dispatch: Darden Cools On Bahama Breeze, NBA M&A Heats Up

Bahama Breeze may soon be gone with the wind.

Benzinga

NBA Officially Approves $1.5 Billion Sale of Minnesota Timberwolves, Lynx

The transaction should close later this week.

Sports Illustrated

NBA owners unanimously approve $1.5B sale of Wolves, WNBA's Lynx from Taylor to Lore-Rodriguez group

The $1.5 billion sale of the Minnesota Timberwolves from Glen Taylor to an investment group led by e-commerce entrepreneur Marc Lore and former baseball star Alex Rodriguez has gained unanimous approval by NBA owners more than four years after the deal was reached

The Independent UK

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Timberwolves Expected to Explore Plans for New Arena After Ownership Transition

The Wolves may not be long for Target Center.

Sports Illustrated

Inside the secret history of Walmart’s innovator’s dilemma and its decades-long road to e-commerce success

America’s largest retailer says its e-commerce department has finally turned a profit, but it spent years trailing competitors by failing to prioritize growth.

Fortune

The Trump tariffs are forcing CEOs to lead through uncertainty. Here's how the best executives guide their teams in tough times

The Fortune Best Companies to Work For list features businesses whose leaders keep employees loyal and motivated.

Fortune

Inside serial entrepreneur Marc Lore's fundraising playbook

Everyone's money is green. Fill the pipeline. Take every possible investor meeting.

Fortune

Glen Taylor Concedes Timberwolves Ownership Battle With Alex Rodriguez, Marc Lore

Minnesota's future appears set.

Sports Illustrated

Alex Rodriguez Buries Half-Court Shot to Win $10,000 for Bucknell Student

Alex Rodriguez hit a half-court shot while at the Bucknell basketball game to help a student win $10,000.

Sports Illustrated

Foodtech deal count hit a record low in Q4 2024, says PitchBook

Q4 2024 was a rather limited time for foodtech funding, according to new PitchBook data.

Fortune

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Sports Illustrated

Alex Rodriguez, Mark Lore Win Arbitration Battle in Ongoing Saga of Timberwolves Sale

Minnesota's Glen Taylor claimed back in March that the team was "no longer for sale" after a 90-day window to close the deal expired.

The Independent UK

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

European food delivery giant Just Eat Takeaway

International Business Times

Wonder Buys GrubHub At Stunning Discount

Just Eat Takeaway agreed to sell Grubhub to Wonder Group for $650 million, after paying $7.3 billion for it in 2020.

The Guardian - UK

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

Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bn

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news in one place.

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Evening Standard

Just Eat sells US business Grubhub for 650m dollars at steep discount

Just Eat had been trying to sell its struggling US unit since 2022, after buying it for 7.3 billion dollars during the pandemic.

Fortune

Amazon’s top grocery exec departs for Wonder, Marc Lore’s celebrity-chef restaurant startup

Tony Hoggett is taking the startup plunge after running Amazon’s grocery store and delivery services for the past three years.

Fortune

Walmart CEO Doug McMillon keeps fending off Amazon for the top spot on the Fortune 500. Can he and the mega-retailer continue their streak?

Under McMillon, Walmart has gone from also-ran to juggernaut in e-commerce and wooed more upper-income shoppers.

USA Today Sports Media Group

Does Alex Rodriguez own the Timberwolves? The answer is … complicated

This has a messy answer.

Evening Standard

What is a megacity and is London one? Plans unveiled for $400bn US desert city 'Telosa'

There are more than 30 megacities worldwide, with entrepreneur Marc Lore proposing a new one in the US

Top News

Minnesota Timberwolves Ownership Deal Falls Through Over Budget Projections

Learn about the ownership dispute in Minnesota Timberwolves impacting team's future and financial projections.

USA Today Sports Media Group

Report: After collapse of Minnesota Timberwolves sale, Alex Rodriguez, Marc Lore to buy Boston Celtics in surprise move

In a shocking turn of events, the ownership group helmed by Alex Rodriguez and Marc Lore is in advanced talks to buy the Celtics.

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