divesture

Just Eat Takeaway could lose billions on Grubhub sale

Grubhub food delivery bag

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

Honeymoon’s over: Just Eat Takeaway considers selling Grubhub

Just Eat Takeaway may sell Grubhub

One year appears to be all that Just Eat Takeaway could handle in the U.S. market. The German delivery company acquired U.S-based Grubhub last summer for $7.3 billion but now it is exploring a potential sale of Grubhub less than a year later.

“The management board confirms its alignment with shareholders in wanting to both create and realize value from the company’s highly attractive portfolio of assets. As such, management is currently, together with its advisers, actively exploring the...

https://www.freightwaves.com/news/honeymoons-over-just-eat-takeaway-considers-selling-grubhub