Just Eat Takeaway.com NV. weighed a partial or complete sale of its Grubhub unit less than a year after buying it for $7.3 billion.
Just Eat Takeaway.com explored strategic actions for the U.S. division after losing an unusually high level of customers across its key markets, Bloomberg reports.
CEO Jitse Groen saw the business as an essential part of industry consolidation.
Groen has been touting a turnaround plan that featured activity on Grubhub and expansion into groceries and building out its courier network.
Shareholders lobbied for quicker action around its assets, pushing for clarity on developing other parts of the business.
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