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Just Eat Takeaway considers Grubhub sale

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European meal delivery company Just Eat Takeaway is considering a sale of Grubhub less than a year after buying it.

CEO Jitse Groen said Takeaway has hired banks to explore the possible sale.

Takeway bought Grubhub for $7.3 billion in 2021. The European company is now under pressure from investors amid competition and a fading pandemic boost, according to Reuters.

Read more from Reuters.

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