Just Eat Takeaway.com sells Grubhub to Wonder for US$650m
Completion of the transaction is expected to be done in Q1 2025.
Just Eat Takeaway.com announced that it has entered into a definitive agreement to sell Grubhub to Wonder Group, Inc. (Wonder) for an enterprise value of US$650m.
Grubhub will be transferred with its US$500m of senior notes, and after customary adjustments, net proceeds to Just Eat Takeaway.com are expected to be up to US$50m.
Completion of the transaction is expected to be done in the first quarter of 2025 (Q1 2025), subject to customary closing conditions, including regulatory approvals.
Following the completion, Just Eat Takeaway.com will retain no material liabilities associated with Grubhub.