Fenwick Represents Wonder in Pending $650 Million Acquisition of Grubhub

Fenwick is representing Wonder, a new kind of food hall that is revolutionizing the food industry by creating the super app for mealtime, in its pending $650 million acquisition of Grubhub, a food ordering and delivery platform with more than 375,000 merchants and 200,000 delivery partners across the United States.

Under the terms of the agreement, Wonder will acquire Grubhub from Just Eat Takeaway.com for an enterprise value of $650 million, comprising $500 million in existing senior notes and $150 million in cash. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions, including regulatory approvals. This strategic acquisition marks a major step forward in Wonder’s mission to make great food more accessible, integrating the convenience, speed, and selection of first-party and third-party restaurants, groceries, and meal kits into a single app. Upon completion of the transaction, all Wonder locations will be available for third-party delivery via Grubhub. More information can be obtained from the announcement.

The Fenwick team includes corporate partners Patrick Grilli, David Michaels, Aman Singh, and Ari Haber, associates Chris Gorman, Christian Choi, Jing Liu, and Sarah Marshall and law clerk Kale Olmstead; technology transaction partners Jonathan Millard and Joseph Schenck, associates Julia Arruda, Peter Hart, Jefferson Lin, Emily Bullis, Sarah Meyers, and Kristen Rovai and advisor Sandra Weustink; executive compensation and employee benefits partner Marshall Mort and associates Jonathan Stephenson and Elizabeth Fu; tax partner William Skinner and associate Kris Hatch; antitrust and competition partner Steve Albertson; securities litigation partner Catherine Kevane and associate Alex Weiss; privacy and cybersecurity counsel Melanie Jolson; and trademark associate Paul Famiglietti.