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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: 0s | source
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bsimpson ◴[13 Nov 24 19:20 UTC] No.42129006[source]▶
Those weird ghost kitchen things have more than half a billion dollars to spend on acquisitions?!

I wonder how this came to be - did they already have that big of a war chest, or did they hear they could buy a name brand and go back to their investors to finance it?

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1. that_guy_iain ◴[14 Nov 24 01:00 UTC] No.42132018[source]▶
They raised 250m and spent 150m cash on GrubHub with 500 in debt.