Just Eat Takeaway.com NV’s Grubhub unit has received bid interest from private equity firm Apollo Global Management.
Citing people familiar with the matter, Bloomberg said the New York-based private equity company has displayed preliminary interest in buying the US food delivery provider.
However, Just Eat Takeaway may struggle to sell the unit for a price close to the $7.3bn it paid in June of last year. Bloomberg reported some suitors are only considering offers around $1bn.
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Despite the suggestion of a knockdown sale, Just Eat Takeaway shares were up 7.5% in response to 1,866.80 pence each in London on Friday afternoon.
Just Eat Takeaway in April had said it was exploring a partial or full sale of Grubhub, which it had agreed to purchase in June 2020. The deal was completed a year later.
Source: Morningstar
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