Just Eat Takeaway.com’s Sale of Grubhub to Wonder

On November 13, 2024, Just Eat Takeaway.com N.V. ("Just Eat Takeaway.com"), one of the world's leading global online food delivery companies, announced that it has entered into a definitive agreement to sell Grubhub Inc. ("Grubhub") to Wonder Group, Inc. ("Wonder") for an enterprise value of $650 million. Grubhub will be transferred with its $500 million of senior notes. Cravath is representing Just Eat Takeaway.com in connection with the transaction.

The Cravath team is led by partners G.J. Ligelis Jr. and Andrew M. Wark and includes associates Harold C. King and William Tong on M&A matters; partner Matthew M. Kelly on banking and credit matters; partner Andrew T. Davis and associate William Swisher on tax matters; partner Matthew J. Bobby and associate Caroline Wyatt on executive compensation and benefits matters; partner David J. Kappos and associates Leslie Liu and Albert Wong on intellectual property matters; partner Margaret T. Segall and associate Lavinia M. Hecht on antitrust matters; and senior attorney Joyce Law and practice area attorneys Brian M. Budnick and Lauren Piechocki on real estate matters. Jessica Early also worked on M&A matters.