Grubhub just sold for $650 million. Four years ago it was worth $7.3 billion. Europe’s biggest meal delivery firm, Just Eat Takeaway, said on Wednesday it had struck a deal to sell its U.S. unit Grubhub to Wonder for $650 million.

A Significant Shift in the Food Delivery Landscape: Grubhub Sold for $650 Million

In a noteworthy development within the food delivery sector, Grubhub has officially changed hands, with Just Eat Takeaway announcing the sale of its U.S. division for a substantial $650 million. This transaction represents a dramatic decrease from Grubhub’s peak valuation of $7.3 billion just four years ago, highlighting the evolving dynamics of the meal delivery industry.

The deal, finalized on a Wednesday, marks a pivotal moment for Grubhub, which has faced increasing competition and shifts in consumer behavior in recent years. As the largest meal delivery service in Europe, Just Eat Takeaway’s decision to divest its U.S. operations underscores the complexities and challenges present in the marketplace.

As the industry continues to adapt and transform, this sale not only reflects Grubhub’s current standing but may also signal broader trends affecting food delivery services across various markets. Industry watchers will be eager to see how this transition unfolds and what it means for the future of meal delivery options in the United States.