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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
Updated on

Just Eat 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.