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Wonder is acquiring Grubhub

(about.grubhub.com)
146 points endtwist | 1 comments | 13 Nov 24 19:12 UTC | HN request time: 0.202s | source
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jaymzcampbell ◴[13 Nov 24 19:21 UTC] No.42129011[source]▶
Mentions the $650mln they'll pay Just Eat for it, neglects the fact Just Eat paid $7.3bln. Quite the write down. And in just 4 years.
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popcalc ◴[13 Nov 24 19:24 UTC] No.42129050[source]▶
Where did all the money go?
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1. that_guy_iain ◴[14 Nov 24 00:57 UTC] No.42131997[source]▶
The 7.5 billion? To the company that previously owned Grubhub. I believe that's how much Just Eat paid for it.

Where did the valuation go? Doordash and Uber Eats managed to eat them alive.