Wonder Acquires Grubhub from Just Eat Takeaway.com

November 13, 2024

Wonder, the delivery-first food hall and mealtime platform founded by Marc Lore, will acquire Grubhub from Just Eat Takeaway.com for an enterprise value of $650 million (including $500 million of senior notes and $150 million cash). The acquisition will integrate Grubhub’s large marketplace and logistics network into Wonder’s app to accelerate Wonder’s ‘super app for mealtime’ strategy; the deal is expected to close in Q1 2025 and Jefferies served as Wonder’s financial advisor.

Buyers
Wonder
Targets
Grubhub
Sellers
Just Eat Takeaway.com
Location
Illinois, United States
Transaction Type
Buyout

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