Just Eat Takeaway is having a fire sale, and it could get burned in the process.
According to a report from the U.K.’s Sunday Times, the multinational food giant has slashed its asking price for Grubhub, which it acquired less than a year ago for $7.3 billion, by nearly $6 billion as it looks to attract a buyer. Just Eat Takeaway (OCTUS: JTKWY) has been considering selling the third-party food delivery app since April.
Multiple unnamed sources told The Times that Grubhub could sell for as little...
https://www.freightwaves.com/news/just-eat-takeaway-could-lose-billions-on-grubhub-sale