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Startup led by ex-Walmart executive nears deal to buy Grubhub, WSJ reports
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Startup led by ex-Walmart executive nears deal to buy Grubhub, WSJ reports
Nov 12, 2024 3:43 PM

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)

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