News Digest / Ticker: JTKWY

Ticker: JTKWY

05:59am, Wednesday, Nov 13, 2024

Just Eat Takeaway Sells Grubhub for $650 Million: Stock Surges 21% as Investors Celebrate Strategic Shift

Just Eat Takeaway (TKWY) has sold its U.S. subsidiary Grubhub to Wonder for $650 million, prompting a 21% stock surge. The deal concludes Just Eat's challenging U.S. journey amid regulatory issues. Analysts suggest further market reassessment is needed.