Just Eat Takeaway itself has been trying to sell Grubhub for years. The company first announced it was looking to sell Grubhub in April 2022 to focus on profitability, less than a year after closing the deal to acquire it, but last year, its CEO said a sale was proving to be “very difficult.”

“The sale of Grubhub to Wonder will increase the cash generation capabilities of Just Eat Takeaway.com and will accelerate our growth,” Jitse Groen, Just Eat Takeaway’s CEO, said in a statement. The company said the sale would allow it to invest in countries where it has a competitive advantage and generate free cash flow.