Just Eat Takeaway sells US unit Grubhub for $650 mln (updated)

Just Eat Takeaway.com NV

13/11/2024 06:50

(Adds details, context)
       Nov 13 (Reuters) - Europe's biggest meal delivery firm
Just Eat Takeaway  TKWY.AS  said on Wednesday it struck a deal
to sell its U.S. unit Grubhub to Wonder for $650 million.
    The Amsterdam-listed firm had been looking to offload
Chicago-based Grubhub since as early as 2022, after acquiring it
in 2020 in a $7.3 billion all-stock deal.
    Wonder is a food-delivery startup led by former Walmart
 WMT.N  executive Marc Lore.
    Advanced talks between the two companies were first reported
by the Wall Street Journal on Tuesday.
    The transaction is expected to be completed in the first
quarter of 2025, and Just Eat said that it will not impact its
full-year guidance and it retains no material liabilities
associated with Grubhub.
        
  

 (Reporting by Michal Aleksandrowicz and Gianluca Lo Nostro;
Editing by Muralikumar Anantharaman and Mrigank Dhaniwala)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))