Just Eat Takeaway Sells Grubhub at 90% Discount to Covid Peak [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
at a steep discount to the $7.3 billion price tag it commanded during the early days of the Covid pandemic. Most Read from Bloomberg Under Trump, Prepare for New US Transportation Priorities The Leaf Blowers Will Not Go Quietly Arizona Elections Signal Robust Immigration Enforcement Under Trump Scoring an Architectural Breakthrough in Denver's RiNo District No Water by Year-End for This Zimbabwean City of 700,000 People The transaction is expected to complete in the first quarter of 2025, Just Eat said in a statement on its website. It expects net proceeds of up to $50 million from the deal. “The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com,” said Just Eat Chief Executive Officer Jitse Groen. Amsterdam-based Just Eat Takeaway, which bought Grubhub in 2021 in a bid to launch itself into the US food delivery market, had been looking for a way to offload Grubhub for years. It initially announced plans to sell Grubhub
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DASH
News
- Sift Unveils Critical New Metrics in Fraud Industry Benchmarking Resource (FIBR) [Yahoo! Finance]Yahoo! Finance
- 10 Little Luxuries To Stay Away From in Retirement [Yahoo! Finance]Yahoo! Finance
- 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
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