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Blue Apron to be acquired by Wonder Group for $103 million, capping tumultuous post-IPO ride - TL;DR CNBC

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

Tickers: AMZNAPRNWMT

Keywords: breaking news: businessretail industrybusiness newsfood and drinktechnologybreaking news: technologyblue apron holdings incamazon.com incwalmart increstaurants

Source: https://www.cnbc.com/2023/09/29/blue-apron-to-be-acquired-by-wonder-group-for-103-million.html


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