Published:
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.
