Just Eat Takeaway bosses readying for multi-billion dollar writedown on Grubhub sale — report | QSR Media
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Just Eat Takeaway bosses readying for multi-billion dollar writedown on Grubhub sale — report

It announced last month that it is actively working with advisers to find a strategic partner for a partial or full sale of Grubhub.

Just Eat Takeaway bosses are preparing for a multibillion-pound writedown on its sale of Grubhub.

The Sunday Times reported that Grubhub, which Just Eat acquired for $7.3 billion (£5.8 billion) last year, may fetch as low as £1 billion in a possible sale after failing to receive significant interest from strategic buyers.

Bankers from Bank of America were tasked with finding a buyer or strategic partner for the American food delivery operator.

Read the full report here.

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