The food-delivery business is ripe for consolidation. Despite their current challenges, Uber Technologies and Grubhub could make for a tasty combination. Uber is seeking to acquire its food-delivery rival, The Wall Street Journal reported Wednesday. The two are in talks for a potential all-stock deal with Grubhub reportedly seeking the equivalent of about $68 a share—a premium of about 45% to the stock’s value before news of the talks broke.

Source: Wall Street Journal May 12, 2020 19:25 UTC