Wonder to acquire Grubhub for $650M [Yahoo! Finance]
DoorDash, Inc. (DASH)
Company Research
Source: Yahoo! Finance
The companies on Wednesday said the deal will allow Wonder to offer restaurants, groceries and meal kits on a single ordering app. It includes $500 million of senior notes and $150 million in cash. Wonder also announced that it has raised an additional $250 million from new investors for growth. Chicago-based Grubhub is currently owned by Netherlands-based Just Eat Takeaway.com (JET), which bought Grubhub in 2020 for $7.3 billion. JET has been looking to sell the company for years. Grubhub has more than 375,000 businesses listed on its app and 200,000 couriers across the United States. But it has fallen far behind DoorDash and Uber Eats in terms of market share. New York-based Wonder operates multibrand restaurants featuring concepts that it either created or acquired. It offers delivery, pickup and dine-in, though its focus has always been on delivery. It has 28 locations in the Northeast and expects to reach 90 by next year. The acquisition will instantly give Wonder a nati
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News
- Grubhub to be sold to Wonder in $650 million deal [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