{"id":435045,"date":"2022-04-20T20:10:38","date_gmt":"2022-04-20T17:10:38","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/grubhub-could-be-dumped-just-one-year-after-7-3b-acquisition\/"},"modified":"2022-04-20T20:10:38","modified_gmt":"2022-04-20T17:10:38","slug":"grubhub-could-be-dumped-just-one-year-after-7-3b-acquisition","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/grubhub-could-be-dumped-just-one-year-after-7-3b-acquisition\/","title":{"rendered":"#Grubhub could be dumped just one year after $7.3B acquisition"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a283ecdb0c98\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a283ecdb0c98\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/grubhub-could-be-dumped-just-one-year-after-7-3b-acquisition\/#%E2%80%9CGrubhub_could_be_dumped_just_one_year_after_73B_acquisition%E2%80%9D\" >&#8220;Grubhub could be dumped just one year after $7.3B acquisition&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CGrubhub_could_be_dumped_just_one_year_after_73B_acquisition%E2%80%9D\"><\/span>&#8220;Grubhub could be dumped just one year after $7.3B acquisition&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Just one year after being acquired by a European conglomerate, Grubhub may get dumped.<\/p>\n<p>Netherlands-based Just Eat Takeaway.com said on Wednesday it is exploring a partial or full sale of GrubHub or bringing in a strategic partner at the urging of its shareholders.<\/p>\n<p>After reporting a first quarter 5% decline in take-out orders in North America, JET is facing growing pressure from an activist investor \u2013 Cat Rock Capital \u2013 to get rid of Grubhub.\u00a0<\/p>\n<p>In October, the Greenwich, Conn. hedge fund\u2019s founder Alex Captain said in a letter to the delivery company\u2019s board that Grubhub was dragging it down and is the \u201croot cause of the public market\u2019s loss of confidence in JET.\u201d\u00a0<\/p>\n<p>Captain also said JET management is \u201cdistracted\u201d by Grubhub, which has caused investors to \u201cquestion JET management\u2019s judgement and motivations.\u201d<\/p>\n<p>The $7.3 billion deal was supposed to give the European delivery company a leg up in the United States \u2014 but instead it has dragged the company down as Covid-19 restrictions have been lifted and more people are dining out instead of ordering food to go.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/Just-Eat-Takeaway-18.jpg?w=1024\" alt=\"A delivery worker carrying a Just Eat bag.\" class=\"wp-image-21971297\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/Just-Eat-Takeaway-18.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/Just-Eat-Takeaway-18.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/Just-Eat-Takeaway-18.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>An activist investor told Just Eat Takeaway\u2019s board that Grubhub is dragging the company down.<\/figcaption><figcaption><span class=\"credit\">In Pictures via Getty Images<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/Just-Eat-Takeaway-17-app.jpg?w=1024\" alt=\"A smart phone displaying the Just Eat app.\" class=\"wp-image-21971341\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/Just-Eat-Takeaway-17-app.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/Just-Eat-Takeaway-17-app.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/Just-Eat-Takeaway-17-app.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Just Eat Takeaway\u2019s sales in North America declined 5% in the most recent quarter.<\/figcaption><figcaption><span class=\"credit\">SOPA Images\/LightRocket via Gett<\/span><\/figcaption><\/figure>\n<p>Grubhub has been steadily losing market share to competitors, including Doordash which is the largest delivery service in New York City, which had been a Grubhub stronghold for years. <\/p>\n<p>The company \u2013 along with the entire delivery sector \u2013 is also under regulatory pressure in a number of large cities that are introducing legislation to curb the fees it charges restaurants.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/20\/grubhub-could-be-dumped-just-one-year-after-7-3b-acquisition\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Grubhub could be dumped just one year after $7.3B acquisition&#8221; Just one year after being acquired by a European conglomerate, Grubhub may get dumped. Netherlands-based Just Eat Takeaway.com said on Wednesday it is exploring a partial or full sale of GrubHub or bringing in a strategic partner at the urging of its shareholders. After reporting&#8230;<\/p>\n","protected":false},"author":1,"featured_media":435046,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/grubhub-19-feature.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128221,98865,74797,74798,70584],"class_list":["post-435045","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-20-22","tag-doordash","tag-food-delivery","tag-grubhub","tag-mergers-acquisitions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435045","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=435045"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/435045\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/435046"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=435045"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=435045"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=435045"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}