Grubhub sold for a small fraction of its value four years ago

[Brian Lutz]

https://www.cnn.com/2024/11/13/investin ... index.html

Grubhub is being sold to a food delivery startup called Wonder led by former Walmart executives, at a price of $150m in cash and assumption of $500m in debt. This represents a huge writeoff for Grubhub's previous ownerJust Eat Takeaway, who bought it during the Pandemic food delivery boom at a price of over $7 billion.

I very rarely use any food delivery services here, but in spite of Grubhub's deal with Amazon to provide Grubhub+ for free to Amazon Prime customers I have found that they have a significantly smaller selection of restaurants available than the other food delivery providers.

[storewanderer]

https://www.cnn.com/2024/11/13/investin ... index.html

Grubhub is being sold to a food delivery startup called Wonder led by former Walmart executives, at a price of $150m in cash and assumption of $500m in debt. This represents a huge writeoff for Grubhub's previous ownerJust Eat Takeaway, who bought it during the Pandemic food delivery boom at a price of over $7 billion.

I very rarely use any food delivery services here, but in spite of Grubhub's deal with Amazon to provide Grubhub+ for free to Amazon Prime customers I have found that they have a significantly smaller selection of restaurants available than the other food delivery providers.

Restaurants and customers are starting to push back at the fees/higher prices from these services. The restaurants doing Grubhub+ probably have to agree to lower fees.