Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride
Publishing timestamp: 2023-09-29 15:37:57
Summary
Blue Apron has agreed to sell itself to Wonder Group for $103 million. The sale comes after years of ups and downs for Blue Apron, which was once a leader in at-home meal deliveries. The company has transitioned to become more asset-light, selling its operational infrastructure and laying off employees. The deal represents a significant premium from Blue Apron's previous share price. Wonder Group plans to continue Blue Apron's operations and sees at-home meals as a key part of its vision.
Sentiment: MIXED
Keywords: breaking news: business, retail industry, business news, food and drink, technology, breaking news: technology, blue apron holdings inc, amazon.com inc, walmart inc, restaurants,
Source: https://www.cnbc.com/2023/09/29/blue-apron-to-be-acquired-by-wonder-group-for-103-million.html