Wonder in Talks to Acquire Grubhub

(Reuters) – Wonder, a food-delivery startup led by former Walmart (NYSE:WMT) executive Marc Lore, is in advanced talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com, according to a Tuesday report by the Wall Street Journal.

Just Eat Takeaway acquired Grubhub in 2020 in an all-stock deal valued at $7.8 billion, which at the time created the world's largest food delivery company outside China.

The report indicates that a deal for Grubhub could be finalized shortly, assuming the negotiations remain on track. Grubhub is likely to be valued below $1 billion in this potential agreement.

Acquiring Grubhub could enhance Wonder's revenue and provide direct access to delivery drivers and related technology, according to the report.

Grubhub, Just Eat Takeaway, and Wonder did not immediately respond to requests for comment from Reuters.