Wonder Group Inc., led by former Walmart e-commerce CEO Marc Lore, is acquiring Grubhub from Just Eat Takeaway.com NV for about $650 million, significantly less than the $7.3 billion Just Eat paid during the pandemic. The transaction, expected to close in early 2025, involves Wonder paying $150 million in cash and assuming $500 million in Grubhub debt. This sale marks a strategic move by Just Eat to increase cash generation and focus on markets where it has competitive advantages, as it has struggled to maintain profitability in the U.S. market against rivals like Uber Eats and DoorDash. Wonder plans to integrate Grubhub into its platform, enhancing its offerings by combining Grubhub's restaurant partners with Wonder's food services and meal kits. The deal reflects the broader consolidation and valuation decline in the food delivery sector post-pandemic, as consumer demand has waned and economic conditions have shifted. Just Eat's shares surged on the deal announcement, marking a significant positive market reaction.