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Apollo Among Possible Suitors for Just Eat’s Grubhub

  • Suitors eye bids far below what Just Eat paid for US business
  • Unclear which firms studying Grubhub will proceed with offers
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Photographer: Gabby Jones/Bloomberg
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Just Eat Takeaway.com NV’s US unit Grubhub is attracting preliminary interest from private equity firms including Apollo Global Management Inc., according to people with knowledge of the matter. 

New York-based Apollo is among possible suitors evaluating the business, the people said, asking not to be identified because the information is private. Just Eat Takeaway may struggle to get a price near the $7.3 billion it paid for Grubhub last year, with some suitors considering offers close to $1 billion, the people said.