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Grubhub Sold to Delivery Startup Wonder at 90% Loss

  • Food delivery startup Wonder has acquired Grubhub at a significant loss for Just Eat Takeaway.
  • Wonder will pay $650 million for the purchase, compared to the $7.3 billion that Just Eat Takeaway paid for Grubhub in 2021.
  • Grubhub struggled as the pandemic wound down and consumers sought cheaper food options.
  • Wonder aims to become a one-stop provider for food through its omnichannel food halls and partnership with Walmart.

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