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Just Eat Takeaway sells Grubhub to Wonder for $650 million
Nov 14, 2024
Just Eat Takeaway is offloading Grubhub to Wonder for a whopping $650 million, marking a major shift in their food delivery strategy. The move aims to boost cash flow and accelerate growth for Just Eat. The podcast dives into the hefty losses incurred from the initial Grubhub investment and discusses the ongoing challenges facing the food delivery industry. Exciting insights on the future plans for both companies make this a must-listen!
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Quick takeaways
- Just Eat Takeaway's sale of Grubhub for $650 million reflects significant shifts and challenges in the food delivery industry post-pandemic.
- The divestiture illustrates a stark decline in Grubhub's market viability compared to its initial $7.3 billion investment four years ago.
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