An Interest In:
Web News this Week
- March 31, 2024
- March 30, 2024
- March 29, 2024
- March 28, 2024
- March 27, 2024
- March 26, 2024
- March 25, 2024
May 12, 2020 03:23 pm
Original Link: https://www.theverge.com/2020/5/12/21255936/uber-grubhub-offer-buying-all-stock-delivery-service-eats-meals-merger
Uber is trying to buy Grubhub
Uber has made an offer to buy Grubhub, with the potential for a deal to be reached as early as this month, according to a report from Bloomberg. The offer is said to be an all-stock takeover that would see Grubhub — currently valued at $4.5 billion — be absorbed into Uber’s larger operation.
Uber operates its own food delivery service, Uber Eats, which is a rival of Grubhub. An October 2019 report had Uber Eats with roughly 20 percent of the delivery app market, while Grubhub had 30 percent. Both fell behind DoorDash, which controls 35 percent of the market and is the fastest-growing of the three. Buying Grubhub could catapult Uber from third place to first and give the company a huge advantage over DoorDash and other services.
That...
Original Link: https://www.theverge.com/2020/5/12/21255936/uber-grubhub-offer-buying-all-stock-delivery-service-eats-meals-merger
Share this article:
Tweet
View Full Article
The Verge
The Verge is an ambitious multimedia effort founded in 2011More About this Source Visit The Verge