Just Eat shares spike after it announces Grubhub sale

Delivery platform Just Eat has agreed to sell its American arm, Grubhub, to the US takeaway startup Wonder. Shares in Just Eat rose 19 per cent in early trades on the news. Just Eat sold the platform for $650m (£500m), a 90 per cent discount on the $7bn it paid in 2021—or, adjusting for inflation, [...]