Connect with us

Hi, what are you looking for?

Assets Under ControlAssets Under Control

Tech News

Just Eat is selling Grubhub to Marc Lore’s Wonder for $650M

Image: Wonder / Grubhub

Just Eat is selling off Grubhub to fancy food hall delivery startup Wonder in a deal worth $650 million. The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals. Wonder is owned by businessman Marc Lore, the former Walmart e-commerce CEO and part-owner of the Minnesota Timberwolves.

Wonder started as a multi-restaurant food truck service delivering fine dining and evolved into food hall hubs where staff quickly cook pre-prepared foods crafted by big-name chefs like Bobby Flay. Customers can order from “upwards of 30 restaurants” from the Wonder app, combining them into one delivery.

With Grubhub coming under Wonder’s belt, the company plans to integrate the delivery app into its platform. In a…

Continue reading…

You May Also Like

Editor's Pick

Marc Joffe In recent posts, I have looked at costly light rail projects in Austin and Minneapolis whose sponsors are seeking federal funding. Not...

Editor's Pick

The risk-on sentiment has returned to the stock market. Stocks traded significantly higher ahead of the open on Wednesday after former President Trump’s victory....

Editor's Pick

Marc Joffe The Metropolitan Council, a regional planning and policymaking body for the Minneapolis-St. Paul area, is pushing ahead with a second suburban light...

Politics

President-elect Donald Trump succeeded early in the morning on Wednesday, and defeated Vice President Kamala Harris in the 2024 presidential race for the White...

Generated by Feedzy