Just Eat Takeaway.com is contemplating selling Grubhub

Just Eat Takeaway.com is a food delivery giant in Europe and is considering selling its U.S. arm Grubhub. Its investors are pressurizing it to explore some strategic deals. The board of Just Eat Takeaway stated that the company has highly attractive assets, and they want to realize and create value for the shareholders.

The management, along with the advisers, is exploring the possibility of introducing a strategic partner for a partial or total sale of Grubhub. Just Eat Takeaway.com stated that it could not guarantee the sale or the timeline. They also stated that the announcement would be made in due course.

Some significant shareholders have growingly expressed their willingness to divest the Grubhub division. The European giant acquired the platform for food ordering just about a year ago for a whopping $7.3 billion, beating Uber and Delivery Hero.


Car Rock Capital is an activist investor and called out to sell Grubhub and refocus on the European business in October. Cat Rock owns 6.5% of the company. Cat Rock's managing partner and founder, Alex Captain, stated that the European giant's share price has profoundly decreased. The company is now vulnerable to takeover bids that would be far below its intrinsic value.

The shares of Just Eat Takeaway.com rose more than 7% once the news about the Grubhub selling came out. The company has lost more than 2/3 of its market value in the past year. It's not that this is the only food delivery company having a hard time. The shares of Delivery Hero are down by 73% in a year, and Deliveroo (in Britain) shares have fallen by 56%.

The masses' demands have changed over two years due to the pandemic, and online food delivery demand is waning along with home fitness equipment and streaming services.

Netflix reported that it had lost paid subscribers for the first time since October 2011.

The CEO of Just Eat Takeaway, Jitse Groen, stated that he expects the company's profitability to increase throughout the year gradually. He stated that the company's priority is to increase profitability and strengthen and improve the business in 2022.