Nov 12 (Reuters) - Wonder, a food-delivery startup led
by former Walmart executive Marc Lore, is in advanced
talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com
, the Wall Street Journal reported on Tuesday, citing
people familiar with the matter.
The European company had acquired Grubhub in 2020 in an
all-stock deal for $7.8 billion, creating the world's largest
food delivery company outside China at the time.
A deal for Grubhub could be finalized imminently, assuming
the talks do not fall apart, the report said, adding that
Grubhub is likely to be valued below $1 billion in any deal.
Buying Grubhub could lift Wonder's revenue and offer a
direct source delivery drivers and related technology, the
report said.
(Reporting by Aishwarya Jain in Bengaluru)