After years of devouring new businesses, Grubhub’s owners began a painful but much-needed purge.
On Friday, the Amsterdam-based food delivery company Just Eat Takeaway.com said it would exit the Latin American joint venture. Its current partner, Prosus, will pay up to €1.8 billion for a third of JET’s stake in São Paulo-based iFood, or $1.81 billion. Venture capitalist Prosus, also listed in Amsterdam, is known for its roughly 29% stake in Chinese tech giant Tencent but also owns numerous startups.
