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The sale by Just Eat Takeaway.com reflects a steep decline in valuation amid competition for food delivery orders.

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

Marc Lore’s Wonder agreed a deal to buy the food-delivery startup from Europe’s Just Eat Takeaway.com.

Leveraging its proprietary technology, Wonder differentiates itself from other restaurant or food delivery concepts by ...