Marvel, a food-delivery startup led by former Walmart govt Marc Lore, is in superior talks to purchase Grubhub from Amsterdam-based Simply Eat Takeaway.com, the Wall Road Journal reported on Tuesday, citing individuals accustomed to the matter.
The European firm had acquired Grubhub in 2020 in an all-stock deal for $7.8 billion, creating the world’s largest meals supply firm exterior China on the time.
A deal for Grubhub may very well be finalized imminently, assuming the talks don’t collapse, the report stated, including that Grubhub is more likely to be valued beneath $1 billion in any deal.
Shopping for Grubhub may carry Marvel’s income and provide a direct supply supply drivers and associated expertise, the report stated.
Grubhub, Simply Eat Takeaway and Marvel didn’t instantly reply to Reuters requests for remark.
