Just Eat Takeaway.com N.V. (GB:JET) has released an update.
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Just Eat Takeaway.com has agreed to sell Grubhub to Wonder Group for an enterprise value of $650 million, aiming to enhance its cash flow and focus on growth in competitive markets. The deal, expected to close in Q1 2025, allows Just Eat Takeaway.com to offload Grubhub’s $500 million in senior notes and retain up to $50 million in net proceeds. This strategic move is set to improve the company’s financial structure and expand its investment capabilities.
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