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Uber Makes Takeover Approach To Grubhub
Published on May 12, 2020 at 06:40PM
phalse phace shares a report from The Wall Street Journal: Uber is seeking to acquire Grubhub in an all-stock deal that 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. Uber, which in addition to its flagship ride business operates a big meal-delivery unit known as Uber Eats, earlier this year approached Grubhub with a takeover offer and the companies continue to discuss a possible combination, according to people familiar with the matter. Grubhub recently proposed a deal in which its shareholders would receive 2.15 Uber shares for each Grubhub share, some of the people said.
Read more of this story at Slashdot.
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