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Just Eat not considering sale of Grubhub, looking for partners

By Shubhangi Mathur - Jun 29, 2022, 08:58 PM ET
Last Updated - Mar 07, 2024, 01:04 PM EST
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At the Wall Street Journal Global Food Forum, Grubhub Chief Executive Adam DeWitt said on Tuesday the sale of Grubhub is not imminent and Just Eat, its parent company, is looking for partners to invest

Shares of the company fell 19%, hitting an all-time low

Shares of the company fell 19%, hitting an all-time low

Just Eat Takeaway is not considering the sale of its Grubhub online food business, said the head of its US division.

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At the Wall Street Journal Global Food Forum, Grubhub Chief Executive Adam DeWitt said on Tuesday the sale of Grubhub is not imminent and Just Eat, its parent company, is looking for partners to invest.

Shares in Just Eat Takeaway fell 19%, hitting an all-time low.

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