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
- Industry
- Restaurants & Hospitality
- Location
- Illinois, United States
- Transaction Type
- Buyout
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