Grubhub just sold for $650 million. Four years ago it was worth $7.3 billion [CNN]
DoorDash, Inc. (DASH)
Company Research
Source: CNN
The Amsterdam-listed company had been looking to offload Chicago-based Grubhub since as early as 2022 , after acquiring it in 2020 in a $7.3 billion deal amid a pandemic-driven boom in delivery services — a process that was hampered by slowing growth, high taxes and a question of fee caps in New York City. “Just Eat Takeaway is at last putting an end to its disastrous U.S. journey,” Bryan Garnier analyst Clement Genelot said, noting the group had destroyed more than $7 billion in shareholder value there. Grubhub's enterprise value of $650 million includes $500 million of senior notes and $150 million cash, Wonder said in a statement. Wonder is a food-delivery startup led by former Walmart executive Marc Lore. Ad Feedback Advanced talks between the two companies were first reported by the Wall Street Journal on Tuesday. Just Eat CEO Jitse Groen had in February said the M&A environment was not easy in the U.S., where fee caps cost the group some $100 million per year. Ad
Show less
Read more
Impact Snapshot
Event Time:
DASH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DASH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DASH alerts
High impacting DoorDash, Inc. news events
Weekly update
A roundup of the hottest topics
DASH
News
- Grubhub to be sold to Wonder in $650 million deal [Yahoo! Finance]Yahoo! Finance
- 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
- 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