# Grubhub Sells for Just $650M, Down From $7.3B! 🍔

**URL:** <https://onehack.st/t/grubhub-sells-for-just-650m-down-from-7-3b/295837>\
**Category:** News & Articles\
**Tags:** tools, news\
**Created:** [November 16, 2024, 7:30pm UTC](https://onehack.st/t/grubhub-sells-for-just-650m-down-from-7-3b/295837 "2024-11-16T19:30:42Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [November 16, 2024, 7:30pm UTC](https://onehack.st/t/grubhub-sells-for-just-650m-down-from-7-3b/295837/1 "2024-11-16T19:30:42Z")

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**Summary:**

1. **Huge Loss in Value**  
**Grubhub** has sold for just **$650 million** , a massive drop from its **$7.3 billion** valuation when it was acquired in 2020.

2. **Pandemic Boom Turned Bust**  
The sale marks the end of a **disastrous** U.S. venture for **Just Eat Takeaway** , which faced challenges like **slowing growth** and **high taxes**.

3. **Wonder’s Acquisition**  
The buyer, **Wonder** , is a food delivery startup led by former **Walmart executive Marc Lore** , aiming to take over Grubhub’s operations.

4. **Shareholder Losses**  
The sale represents a **$7 billion** loss in **shareholder value** for **Just Eat Takeaway** , despite initial success during the pandemic.

5. **Business Restructuring**  
This sale is seen as a step towards **restructuring** and focusing on **core operations** , as the company moves past its U.S. expansion troubles.

**Read more at:** [CNN](https://www.cnn.com/2024/11/13/investing/grubhub-sale-wonder/index.html)