Grubhub just sold for $650 million. Four years ago it was worth $7.3 billion [CNN]
DoorDash, Inc. (DASH)
Company Research
Source: CNN
Reuters — 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. 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. Grubh
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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