Grubhub Parent Takes $3 Billion Write-Down on Food-Ordering Service

by | Aug 3, 2022 | Business

Grubhub’s parent company has written down the value of the online food-ordering service by 3 billion euros, equivalent to a little over $3 billion, just a year after buying the pandemic-era darling for $7.3 billion. Just Eat Takeaway.com NV said Wednesday it was taking the impairment because of a reduction in comparable valuations in the sector, among other factors. The Amsterdam-based company said it is continuing to explore the partial or full sale of the U.S. business.

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