Just Eat Takeaway to sell US arm Grubhub at a loss of more than $6.5bn

Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bn

The food delivery company Just Eat Takeaway is selling Grubhub to the delivery-focused restaurant chain Wonder for $650m (510m), only four years after buying the US app in a multibillion-dollar tie-up after the first Covid lockdowns.

The Netherlands-based Just Eat, which is Europe's largest meal delivery company, had been looking to offload its US unit since as early as 2022, as the pandemic-fuelled boost to online food shopping faded and it grappled with tough competition.