Just Eat Takeaway.com (TKWY.AS, JTKWY) is selling Grubhub for $650 million to the Wonder Group. Just Eat originally bought Grubhub for $7.3 billion in 2020.

Catalysts Seana Smith and Madison Mills report more on this deal in the video above. Just Eat Takeaway's stock is rising by over 16% on this news Wednesday morning.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

This post was written by Luke Carberry Mogan.