Uber 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."
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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.
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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.
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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,
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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
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Uber Is Trying to Buy Grubhub to Create a Food Delivery GoliathThe world of restaurant delivery options could soon get even smaller
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