Just Eat is selling off Grubhub to fancy food hall delivery startup Wonder in a deal worth $650 million. The transaction is expected to close in the first quarter of 2025, subject to regulatory approvals.

Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based

Wonder Group has agreed to buy Grubhub in a $650 million in a deal that will conclude Grubhub parent company Just Eat Takeaway.com's yearslong struggle to find a buyer. Why it matters: The deal price reflects a dramatic decline from Grubhub's $7.