Just Eat Takeaway sells off struggling U.S. business Grubhub
2 days, 17 hours ago

Just Eat Takeaway sells off struggling U.S. business Grubhub

NL Times  

Meal delivery company Just Eat Takeaway has completed the sale of its US subsidiary, Grubhub, to industry peer Wonder. The Dutch-British company sold GrubHub in 2021 for 7.3 billion dollars, but this deal then proved to be a huge burden for Just Eat Takeaway. Investors were relieved when Just Eat Takeaway announced the sale of GrubHub, on which billions of dollars had to be written off. Just Eat Takeaway bought GrubHub during the peak in online food orders during the Coronavirus Pandemic.

Eat Takeaway Grubhub Eat Takeaway Just Eat Takeaway  takeaway  dollars  deal  eat  business  york  struggling  grubhub  delivery  sells  sale  orders  company

History of this topic

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

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

Associated Press  

NEW YORK — European food delivery giant Just Eat Takeaway.com is selling Grubhub for $650 million, a fraction of the billions it spent to buy the U.S. platform just three years ago. Amsterdam-based Just Eat Takeaway.com acknowledged Wednesday that it had been “actively exploring” the partial or full sale of Grubhub for some time, citing prior announcements from the company. …

Just Eat Takeaway sells US arm GrubHub at a massive loss
1 month, 3 weeks ago

Just Eat Takeaway sells US arm GrubHub at a massive loss

Dutch News  

Dutch meal deliver giant Just Eat Takeaway has sold its US arm Grubhub for some $650 million to Wonder Group. Just Eat Takeaway paid $7.3 billion for Grubhub when it bought it during the height of the coronavirus pandemic in 2021 in an all share deal. “The sale of will increase the cash generation capabilities of Just Eat Takeaway.com and …

Grubhub just sold for $650 million. Four years ago it was worth $7.3 billion
1 month, 3 weeks ago

Grubhub just sold for $650 million. Four years ago it was worth $7.3 billion

CNN  

Reuters — Europe’s biggest meal delivery firm, Just Eat Takeaway, said on Wednesday it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million, sending its shares soaring 20% in early trading. The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since as early as 2022, after acquiring it in 2020 in a $7.3 …

Grubhub founder quits four months after Just Eat deal
3 years, 3 months ago

Grubhub founder quits four months after Just Eat deal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The founder of US food …

Investors look to earnings and US strategy in Just Eat’s results
3 years, 4 months ago

Investors look to earnings and US strategy in Just Eat’s results

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Food delivery company Just Eat …

Just Eat Takeway sees sales soar 54% in the year coronavirus hit
3 years, 9 months ago

Just Eat Takeway sees sales soar 54% in the year coronavirus hit

Dutch News  

Meal delivery company Just Eat Takeaway rose 4.4% on the Amsterdam stock exchange on Wednesday after publishing finalised 2020 results. The company, which now delivers meals in 24 countries, posted a net loss of €151m last year, due mainly to the cost of integrating the Just Eat and Takeaway brands and the take over of Grubhub in the US, the …

Just Eat Takeaway doubled its orders in Canada. It’s coming for the US next
4 years, 2 months ago

Just Eat Takeaway doubled its orders in Canada. It’s coming for the US next

CNN  

London CNN Business — Online food delivery is booming in Canada, at least for one company. Just Eat Takeaway.com said on Wednesday that orders in Canada — where it operates as Skip The Dishes — rose by 98% to 23.5 million in the third quarter compared with the same period last year. “We are now transforming that pick-up culture into …

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery
4 years, 6 months ago

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery

NPR  

Uber Gobbles Up Postmates In $2.65 Billion Bet On Food Delivery Enlarge this image toggle caption Tomohiro Ohsumi/Getty Images Tomohiro Ohsumi/Getty Images Uber is buying the delivery app Postmates, bolstering its food-delivery business at a time when few people are hailing rides. Sponsor Message In contrast, orders for its Uber Eats food delivery service doubled during the same three-month period. …

Uber to buy Postmates for $2.65 billion
4 years, 6 months ago

Uber to buy Postmates for $2.65 billion

CNN  

New York CNN Business — Less than a month after Uber tried and failed to buy Grubhub, the ride-hailing company has won a different deal to bolster its food delivery business. Uber said Monday it has agreed to buy Postmates for $2.65 billion in an all-stock deal, calling the startup “highly complementary” to Uber Eats, its meal delivery service. “Uber …

Just Eat swallows Grubhub creating restaurant delivery giant
4 years, 6 months ago

Just Eat swallows Grubhub creating restaurant delivery giant

Associated Press  

Two pioneers in restaurant delivery — Just Eat Takeaway.com and Grubhub — are combining in a $7.3 billion deal that will create one of the world’s largest delivery companies. Amsterdam-based Just Eat Takeaway.com said late Wednesday that it was acquiring Chicago-based Grubhub, snatching it away from ride-hailing giant Uber, which had been reportedly seeking to team Grubhub with its Uber …

Uber lost out on its pursuit of Grubhub
4 years, 6 months ago

Uber lost out on its pursuit of Grubhub

CNN  

CNN Business — Uber has lost out on a high-profile deal that would have given a big boost to its food delivery business that has seen surging demand during the pandemic. Weeks after reports that Uber was in discussions with Grubhub about a possible merger, a Netherlands-based company, Just Eat Takeaway.com, confirmed Wednesday that it has struck a deal with …

Just Eat and Takeaway.com team up to fight Uber and Amazon in Europe
5 years, 5 months ago

Just Eat and Takeaway.com team up to fight Uber and Amazon in Europe

CNN  

London CNN Business — Just Eat and Takeaway.com want to join forces to fight Uber Eats and Amazon in Europe’s crowded food delivery market. Dutch company Takeaway.com said on Monday it had reached a preliminary agreement to merge with London’s Just Eat in an all-share deal that would create a new company, Just Eat Takeaway.com. The combination could give a …

Food delivery merger? Just Eat confirms it could be bought by Dutch rival Takeaway.com
5 years, 5 months ago

Food delivery merger? Just Eat confirms it could be bought by Dutch rival Takeaway.com

CNN  

New York CNN Business — Just Eat and Takeaway.com are battling it out in Europe’s crowded food delivery market. The boards of London-based Just Eat and Dutch company Takeaway.com confirmed in statements Saturday that they are “in discussions regarding a possible” merger agreement. A joint company could give a huge boost to the companies’ standing in the crowded food delivery …

Discover Related