Uber Technologies Makes Takeover Approach to Grubhub - News Summed Up

Uber Technologies Makes Takeover Approach to Grubhub


Uber Technologies Inc. is seeking to acquire Grubhub Inc. in a deal that would unite two of the biggest players in the cutthroat meal-delivery business at a time when the coronavirus pandemic has sparked a surge in demand for their services. Uber, which in addition to its flagship ride business operates a big meal-delivery unit known as Uber Eats, in February approached Grubhub with an all-stock takeover offer and the companies have been in talks since then, people familiar with the matter said.


Source: Wall Street Journal May 12, 2020 15:12 UTC



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