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The Latest Breaking News from Marc Lore

Just Eat Takeaway sells Grubhub for $650 million, just 3 years after buying the app for $7.3 billion

European food delivery giant Just Eat Takeaway

The Independent UK

Wonder Buys GrubHub At Stunning Discount

Just Eat Takeaway agreed to sell Grubhub to Wonder Group for $650 million, after paying $7.3 billion for it in 2020.

International Business Times

Just Eat Takeaway to sell US arm Grubhub at a loss of more than $6.5bn

Netherlands-based firm offloads unit to fast casual restaurant chain Wonder for $650m four years after buying it for $7.3bn

The Guardian - UK

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Just Eat sells US business Grubhub for 650m dollars at steep discount

Just Eat had been trying to sell its struggling US unit since 2022, after buying it for 7.3 billion dollars during the pandemic.

Evening Standard

Amazon’s top grocery exec departs for Wonder, Marc Lore’s celebrity-chef restaurant startup

Tony Hoggett is taking the startup plunge after running Amazon’s grocery store and delivery services for the past three years.

Fortune

Walmart CEO Doug McMillon keeps fending off Amazon for the top spot on the Fortune 500. Can he and the mega-retailer continue their streak?

Under McMillon, Walmart has gone from also-ran to juggernaut in e-commerce and wooed more upper-income shoppers.

Fortune

Does Alex Rodriguez own the Timberwolves? The answer is … complicated

This has a messy answer.

USA Today Sports Media Group

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What is a megacity and is London one? Plans unveiled for $400bn US desert city 'Telosa'

There are more than 30 megacities worldwide, with entrepreneur Marc Lore proposing a new one in the US

Evening Standard

Minnesota Timberwolves Ownership Deal Falls Through Over Budget Projections

Learn about the ownership dispute in Minnesota Timberwolves impacting team's future and financial projections.

Top News

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Sports Illustrated

Report: Alex Rodriguez, Partner Land Financial Backing to Close Sale for Timberwolves Majority Ownership

It appears Glen Taylor’s sale of the Twin Cities’ pro basketball teams will go through.

The Street

Walmart delivers a fast-food option that Target can’t match

The retail giant has added something that's very different from what rival retailers offer.

USA Today Sports Media Group

How Alex Rodriguez is trying to repair Kevin Garnett’s relationship with the Timberwolves franchise

KG will next need a jersey retirement ceremony and a statue in Minnesota.

Latin Times

Latino Owners of Pro Sports Teams, the Exclusive Club Alex Rodriguez Wants to Join In

Currently, only three Latinos own a majority stake of a franchise in any major league sport in the United States

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news in one place.

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Sports Illustrated

Alex Rodriguez, Marc Lore to Become Majority Owners of Timberwolves and Lynx, per Report

Glen Taylor has owned both of the Twin Cities' professional basketball teams since the 1990s.

Fortune

Investor Mark Lore's Wonder Group closes it's deal for meal kit service Blue Apron

All 165 Blue Apron employees have joined Wonder Group, which has bought the Blue Apron brand and marketing.

The Street

Viral shopping app challenges Amazon, Walmart and Dollar General

Five Below, Dollar Tree and even Ollie's Bargain Outlet, which has a very devoted fanbase, could also see an impact from a fast-growing rival.

The Street

The sale of this food prep company could lead to a 'super-food' mobile app

Matching two favorite foodie services could be a winner for this part of industry players.

The Street

Dick's Sporting Goods closing most Moosejaw stores

The decision comes just a few months after the retail chain was acquired from former owner Walmart.

The Street

Here's what A-Rod learned from Warren Buffett and Magic Johnson

The former baseball star, along with his partner, Marc Lore. has built a business empire that will soon include the Minnesota Timberwolves

Zenger

Gary Vee, Kevin Durant, Alex Rodriguez Backed Tracer Land New Investors

Data intelligence platform, Tracer, announced a new president to lead the company

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Earvin “Magic” Johnson

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