GrubHub Inc (GRUB)
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Just Eat Takeaway Sold to Prosus for $4.3 Billion
Food delivery platform Just Eat Takeaway was sold to tech investor Prosus. The deal, worth 4.1 billion euros (about $4.3 billion), will make Netherlands-based Just Eat Takeaway a private company, according to a Monday (Feb. 24) press release.
Grubhub Reports Data Breach Affecting Some Diners, Drivers and Merchants
Online food delivery marketplace Grubhub said Monday (Feb. 3) that it recently identified an incident involving a third-party contractor in which there was unauthorized access to certain user contact information.
Just Eat's GrubHub nightmare finally ends
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has finally got shot of its disastrous US acquisition GrubHub after its sale to start-up WonderGroup was signed off today. Amsterdam-listed Just Eat bought the Chicago-based business in 2021 for US$7.3 billion but put it up for sale just a year later as sales plummeted once the pandemic lockdowns came to an end.
Just Eat to delist from London Stock Exchange, citing cost and complexity
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has become the latest high-profile company to bow out of the London Stock Exchange after filing its intention to delist its shares in a Wednesday statement. The Denmark-founded company said the decision is being made “in order to reduce the administrative burden, complexity and costs associated with the disclosure and regulatory requirements of maintaining the LSE listing”.
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.
Grubhub Sold to Delivery Startup Wonder at 90% Loss
After a two-year search for a buyer, Just Eat Takeaway has sold Grubhub to food delivery startup Wonder. The company announced the sale Wednesday (Nov. 13), saying Wonder would pay $650 million to purchase Grubhub.
Just Eat Takeaway sells US arm GrubHub in cut-price deal
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) has struck a deal to sell its US-based business, Grubhub, for $650 million just three years after buying it for $7.3 billion. The Anglo-Dutch group said an agreement has been made with US delivery rival Wonder Group Inc, resulting in net cash proceeds of "up to $50 million" and the transfer of $500 million of Grubhub senior bonds.
Just Eat scrapes guidance as UK and Europe do well
Just Eat Takeaway.com NV (LSE:JET, NASDAQ:GRUB) shares eased lower as growth in the third quarter came in at the bottom of its guided range for the year. Excluding the US, gross transaction value or GTV was 2% compared to a forecast range of 2-6%.
