Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter.
FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration
The potential acquisition suggests that the Silicon Valley disruptor is doubling down on its fastest-growing service in a scramble to adapt to what is likely to be a long business interruption. Experts say consolidation is long overdue in the space, where demand from worried, home-bound consumers is surging.
Uber Eats’ first-quarter revenue soared more than 50% to $819 million after restaurants across the country shuttered their dining rooms to curb the spread of the novel coronavirus. Last week, Grubhub said the restaurant industry was facing enormous challenges from the COVID-19 pandemic, and vowed to use nearly all of its second-quarter profits to help drum up business for its restaurant partners.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Uber Technologies Makes Takeover Approach to GrubhubA potential deal under discussion would unite two of the biggest players in meal delivery at a time when the coronavirus pandemic has sparked a surge in demand for their services.
Weiterlesen »
Uber Approaches Grubhub With Takeover Offer(Bloomberg) -- Uber Technologies Inc. has made an offer to acquire Grubhub Inc., in a move that would build out its food-delivery platform even as it shutters parts of its own service abroad, according to people familiar with the matter.The companies are in talks about a deal and could reach an agreement
Weiterlesen »
Uber reportedly rejects all-stock offer to buy GrubHubUber Technologies Inc. and GrubHub Inc. cannot agree on a price that the ride-hailing company would pay to acquire the food delivery business, according to a CNBC report late Tuesday. GrubHub shares fell 2.9% in the extended session and Uber shares dropped 0.9%. CNBC said that Uber had rejected an all-stock offer. Earlier Tuesday, The Wall Street Journal reported that GrubHub proposed a deal in which its investors would have received 2.15 Uber shares for every share of GrubHub, valuing the company at roughly $6.25 billion. The Journal also reported that Uber's board was expected to review the proposal in the "coming days."
Weiterlesen »
Uber Reportedly In Talks To Acquire GrubhubI’m a San Francisco-based reporter covering breaking news at Forbes. I’ve previously reported for USA Today, Business Insider, The San Francisco Business Times and San Jose Inside. I studied journalism at Syracuse University’s S.I. Newhouse School of Public Communications and was an editor at The Daily Orange, the university’s independent student newspaper. Follow me on Twitter rachsandl or shoot me an email rsandlerforbes.com.
Weiterlesen »
Uber is reportedly in talks to buy GrubHubUber is in talks to buy GrubHub in an all-stock deal, The Wall Street Journal reports. Uber first approached GrubHub earlier this year with an offer, but the two companies are still in talks, according to the WSJ. This comes a few months after reports emerged that GrubHub was looking to sell Uber,
Weiterlesen »