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Reuters

Just Eat Takeaway weighs Grubhub sale as pandemic boost fades

AMSTERDAM (Reuters) -Europe’s biggest meal delivery company Just Eat Takeaway.com is looking at selling U.S. arm Grubhub less than a year after buying it, under pressure from investors to revive its shares amid stiff competition and a fading pandemic boost. In an abrupt turnaround, CEO Jitse Groen said Takeaway had hired banks to explore a possible sale of Grubhub – alongside potential partnership options it was already exploring – and that buyers had expressed more than casual interest. “We are in talks with people around this (a sale), but I need to caution that doesn’t automatically lead to a transaction,” Groen told reporters.

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