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Uber Eyes GrubHub Takeover

By  |  May 12, 2020

Uber Technologies is seeking to acquire GrubHub in a 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, reported the Wall Street Journal. 

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    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. 

    Should one come to pass, it would reshape the meal-delivery business, a key pillar of the new economy whose prominence has been heightened by the pandemic. 

    As of earlier Tuesday morning, GrubHub had a market value of $4.4 billion while Uber’s was $54 billion.