Just Eat Takeaway.com (JTKWY) has announced the sale of its US food delivery business, Grubhub, to Wonder Group for an enterprise value of $650 million. This move comes after investor pressure to divest Grubhub and is expected to generate up to $50 million in net proceeds for Just Eat Takeaway. The transaction is slated for completion in the first quarter of 2025, subject to regulatory approval. This sale aims to improve Just Eat’s financial health, support investments in key markets, and enhance its cash flow.
