It might come as second nature to many to order takeout through an app on their phones and have it delivered straight to their doorstep, especially when they are too lazy to pick it up themselves. However, it wasn’t that long ago that the only way to get takeout was to pull out the Yellow …
Continue reading “Popular delivery service makes harsh decision amid struggles”
Former GrubHub owner and food delivery business Just Eat Takeaway has been acquired up by a backer of German rival Delivery Hero for $4.2 billion Just Eat’s board unanimously approved the takeover by the South African-owned internet investor Prosus, just two months after it left the London Stock Exchange. And the all-cash deal comes six …
Continue reading “Former GrubHub Owner Just Eat Takeaway Bought In $4.2 Billion Deal”
Grubhub officially has a new owner. Wonder, the New York-based food hall/delivery chain, completed its acquisition of the third-party delivery company Tuesday for $650 million. The seller was Just Eat Takeaway.com, the European delivery conglomerate that bought Grubhub in 2021 for $7.3 billion. It had been trying to sell all or part of Grubhub for …
Continue reading “Wonder completes acquisition of Grubhub for $650M”
After looking for a buyer for more than two years, Just Eat Takeaway.com has finally closed the menu on Grubhub. On Tuesday, the Dutch food delivery giant said it completed the sale of the U.S. business to Wonder, the food startup founded and led by e-commerce veteran Marc Lore. The deal has an enterprise value of $650 …
Continue reading “Just Eat Takeaway completes Grubhub sale to Wonder for a modest $650M”
Just Eat Takeaway.com NV rejected two USD1 billion offers for Grubhub, the US unit’s former boss told the Financial Times. The FT reported on Friday that Matt Maloney, Grubhub’s co-founder and former chief executive, twice attempted to buy back the food delivery provider for over USD1 billion. Just Eat Takeaway announced on Wednesday that it …
Continue reading “Just Eat got two higher Grubhub bids from unit’s founder – FT”
European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the US 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, …
Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based Wonder Group in a deal valued at $650 million — a stark 91% less than the $7.3 billion Just Eat Takeaway paid for the company just four years ago. The deal is expected to close in the …
Continue reading “After years of trying, Just Eat Takeaway is selling Grubhub to Wonder for $650M”
Third-party delivery company Grubhub continues to see fewer orders, even as its competitors keep growing. Orders for parent company JustEatTakeaway’s (JET’s) North American business fell 11% in the third quarter, continuing a long streak of declines. Orders are down more than 26% over the past three years, from 91 million in the third quarter of …
Continue reading “Grubhub keeps shrinking, and that’s kind of the point”
Just Eat Takeaway.com N.V. (LSE: JET, AMS: TKWY), hereinafter the “Company”, or together with its group companies “Just Eat Takeaway.com”, one of the world’s largest online food delivery marketplaces, hereby issues a trading update for the third quarter of 2024. We made good progress across our key strategic pillars, which we believe will drive growth. Northern …
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Just Eat shares fell on Wednesday after the delivery group’s sales were hit by a sharp downturn in the US during the third quarter. Total order numbers fell 6 per cent to 211.1million, down from 224.2million by the same point a year ago, with all regions seeing a fall. But total gross transaction value (GTV) …
Continue reading “Just Eat hit by dwindling US appetite as orders slump”
