Startup led by ex-Walmart executive nears deal to buy Grubhub, WSJ reports

Just Eat Takeaway.com NV

12/11/2024 23:16

Nov 12 (Reuters) - Wonder, a food-delivery startup led
by former Walmart  WMT.N   executive Marc Lore, is in advanced
talks to buy Grubhub from  Amsterdam-based Just Eat Takeaway.com
 TKWY.AS , 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
food delivery company outside China at the time. 
    A deal for Grubhub could be finalized imminently, assuming
the talks do not fall apart, the report said, adding that
Grubhub is likely to be valued below $1 billion in any deal. 
    Buying Grubhub could lift Wonder's revenue and offer a
direct source delivery drivers and related technology, the
report said.  

 (Reporting by Aishwarya Jain in Bengaluru)
 ((Aishwarya.Jain@thomsonreuters.com;))