Grubhub to be sold to Wonder in $650 million deal [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
Just Eat Takeaway.com originally acquired Grubhub in 2020 during the peak of the COVID-19 pandemic for $7.3 billion. The firm has been looking to offload the company since 2022 due to the growing tensions between its competitors, Uber Eats and Doordash. In addition, delivery service companies have struggled with a decline in customers, partly because of increased living costs and inflation. Food delivery services sue NYC over minimum pay rates for app-based workers 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. Wonder was launched in 2018 by former Walmart executive Marc Lore, who focused on operating mobile kitchens from a fleet of trucks that aimed to recreate meals from popular restaurants. Since its inception, the company has grown to a valuation of over $3.8 billion. This deal marks the company's second acquisition. The first w
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DASH
News
- Wonder to acquire Grubhub for $650M [Yahoo! Finance]Yahoo! Finance
- Grubhub just sold for $650 million. Four years ago it was worth $7.3 billion [CNN]CNN
- Grubhub just sold for $650 million. Four years ago it was worth $7.3 billion [CNN]CNN
- Opinion: Trump can fix what Biden broke. But he needs to seize the moment and stay on task. [USA TODAY]USA TODAY
- Just Eat Takeaway Sells Grubhub at 90% Discount to Covid Peak [Yahoo! Finance]Yahoo! Finance
DASH
Earnings
- 10/30/24 - Beat
DASH
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/12/24 - Form 144
- DASH's page on the SEC website