Wonder, a food delivery startup led by former Walmart executive Marc Lore, is in talks to buy Grubhub from Amsterdam-based Just Eat Takeaway.com. The Wall Street Journal reported This was disclosed on Tuesday, citing a person familiar with the matter.
The European company acquired Grubhub in 2020 for $7.8 billion in an all-stock deal, creating the world's largest food delivery company outside of China at the time.
Unless negotiations break down, a deal with Grubhub could happen soon, the report said, adding that any deal would likely value Grubhub at less than $1 billion.
Acquiring Grubhub could increase Wonder's revenue and provide it with direct source delivery drivers and related technology, the report said.
Grubhub, Just Eat Takeaway and Wonder did not respond to Reuters requests for comment.
