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In the acquisition, Wonder has agreed to pay $150 million in cash and will take on $500 million in Grubhub debt. The transaction is expected to be completed during the first quarter of 2025.
Grubhub Inc. (stylized in all caps) is an American online and mobile prepared food ordering and delivery platform based in Chicago, Illinois. Founded in 2004, it was a subsidiary of the Dutch company Just Eat Takeaway since 2021. [2]
On 11 June, the company announced that it would acquire, in an all-stock transaction, US-based Grubhub—valuing the deal at $7.3 billion. [28] In July 2020, the company was reported to be in talks with Prosus to sell its 33% stake, inherited from Just Eat, in Brazilian food delivery company iFood, which operates in Brazil and Colombia.
In 2019, the company announced it would lay off all of its employed drivers, and move to a contract-only model, similar to Grubhub and DoorDash. [5] The move resulted in 2,300 drivers being laid off. [6] Carl Grimstad was appointed Waitr's CEO in 2020 and tasked with recovering the company after a US$291 million net loss in 2019. Despite the ...
Grubhub says it has no plans to sell the company, a day after media reports said it was exploring its options as competition in the food delivery business grows increasingly fierce. The Wall ...
In the latest GrubHub (NYSE:GRUB) news, the company's stock is taking a hit Friday afternoon due to mounting competition from other food delivery services such as Uber Eats.Source: Shutterstock ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 2 November 2024. This article contains promotional content. Please help improve it by removing promotional language and inappropriate external links, and by adding encyclopedic text written from a neutral point of view. (February 2023) (Learn how and when to remove this message) American food ordering ...
Grubhub sold European food de Officials said the debt abolishment is the first effort as part of the state’s commitment to erase roughly $1 billion in medical debt across Illinois.