According to Just Eat Takeaway, the major adjustment is necessary due to broader developments in the sector: people are eating out more than during corona. In addition, rising interest rates play a role. Grubhub was acquired last year for more than 7 billion dollars, but now Just Eat Takeaway is thinking of selling Grubhub again.
Shareholders have recently been dissatisfied with the stock market value of the company as a whole. Activist investors therefore urged Grubhub to be quickly split back or sold, which should help boost Just Eat Takeaway’s stock market value.
