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Wonder to acquire Grubhub from Just Eat Takeaway.com for $650M
The Fly

Wonder to acquire Grubhub from Just Eat Takeaway.com for $650M

Wonder announced that it is acquiring Grubhub. Integrating Grubhub with Wonder is the next step in Wonder’s mission to make great food more accessible, bringing together the convenience, speed and selection of first-party and third-party restaurants, groceries and meal kits in a single app order. Additionally, all Wonder locations will be available on Grubhub for third-party delivery. Wonder will acquire Grubhub from Just Eat Takeaway.com (JTKWY) for an enterprise value of $650M, including $500M of senior notes and $150M cash. Completion is expected during Q1 2025, subject to customary closing conditions including regulatory approvals. Jefferies served as Wonder’s exclusive financial advisor on the transaction. Wonder has also announced an additional $250M in capital raised exclusively from new investors to further its mission and growth.

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