To be clear, they are buying Grubhub for $150 million, and taking on 500m in Grubhub debt.
Lol, $150million.
Yeah especially Four years ago it was worth $7.3 billion https://edition.cnn.com/2024/11/13/investing/grubhub-sale-wonder/index.html
Four years ago was during COVID.
You mean people don’t like paying 50-100% more for food? And having it be subpar because of delivery times. I’m shocked. When they had a lot of deals going on it wasn’t so bad, but that’s mostly over.
About the only time I “use” them is when restaurants basically use them as their online menu.
One of the restaurants by me let’s you use either GrubHub or chownow when you order online. The prices are like 20% different between the two. It’s been a while so I forget which one is the more expensive.
