Grubhub Inc., unit of Just Eat Takeaway.com N.V. (ENXTAM:TKWY) is attracting preliminary interest from private equity firms including Apollo Global Management, Inc. (NYSE:APO), according to people with knowledge of the matter. Apollo is among possible suitors evaluating the business, the people said, asking not to be identified because the information is private. Just Eat Takeaway may struggle to get a price near the $7.3 billion it paid for Grubhub in 2021, with some suitors considering offers close to $1 billion, the people said.

Several investment firms have been considering teaming up with Grubhub co-founder Matt Maloney, the people said. While a number of potential buyers are studying Grubhub, it's unclear which will decide to proceed with formal offers, the people said. Representative for Apollo and Just Eat declined to comment.