Soon Connecticut residents will be able to sample the creations of celebrity chefs like Bobbly Flay, Marcus Samuelsson, and JJ Johnson all under the same roof. Wonder, the New York City-based food delivery platform, has announced plans to open two locations in Connecticut. The first location at High Ridge Shopping Center in Stamford, located at 1131 High …
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Wonder completes acquisition of Grubhub for $650M
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 …
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Just Eat Takeaway completes Grubhub sale to Wonder for a modest $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 …
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Tech Tracker: How the Wonder acquisition of Grubhub could shake up the delivery industry
After years of speculation and prospective sales opportunities, Just Eat Takeaway is finally selling Grubhub. While the buyer — Marc Lore’s New York City-based hotshot startup, Wonder — may come as a bit of a surprise, as many were hoping DoorDash would scoop up Grubhub like Uber did to Postmates, the acquisition is a fit …
The Rise of Super Apps: What Grubhub’s $650M Sale to Wonder Means for the Future of Food Delivery
Just Eat Takeaway is selling Grubhub to Wonder, a delivery-focused restaurant chain, for $650 million just four years after acquiring the U.S. food delivery app in a multibillion-dollar deal. The Netherlands-based food delivery group, Europe’s largest, has been evaluating a departure from the U.S. since 2022 after a long and difficult road. Grubhub struggles with slow growth, eyes reinvention …
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.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, …
After years of trying, Just Eat Takeaway is selling Grubhub to Wonder for $650M
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 …
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Startup led by ex-Walmart executive nears deal to buy Grubhub, WSJ reports
Wonder, a food-delivery startup led by former Walmart executive Marc Lore, is in advanced talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The European company had acquired Grubhub in 2020 in an all-stock deal for $7.8 billion, creating the world’s largest …
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Wonder Invests Further in Delivery, Acquires Relay
After a year-long partnership, Wonder has acquired Relay, a New York City-based delivery service. The move is part of the food hall concept’s strategy to streamline delivery operations. Relay maintains its own fleet of contracted couriers, mainly on bikes, completing restaurant deliveries for an hourly rate. Relay maintains its own fleet of contracted couriers, mainly on bikes. …
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‘Late Empire Sort of Stuff’: Wonder Faces Backlash Over Environmental Impact of Vans
By and large, the residents of the northern New Jersey suburbs where Wonder delivers agree that the well-funded startup’s food tastes great. What they can’t agree on is whether having hundreds of Mercedes diesel vans idling curbside each night while Wonder employees prep meals is a good idea at a time when most experts agree climate change is fast …