A PYMNTS Company

US Senator Klobuchar Dislikes Uber, Grubhub Deal

 |  May 17, 2020

US Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies and online food delivery company Grubhub calling any deal bad for competition and consumers.

The two companies have discussed an all-stock combination, Reuters reported earlier this month. A merger would give Uber Eats’ money-losing food delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber’s business of shuttling people from place to place.

“If Uber takes over Grubhub it isn’t good for competition and it isn’t good for you,” the Democrat from Minnesota tweeted. “When big companies corner the market it usually means more for them and less for you, especially in a pandemic.”

Klobuchar is a senior member of the Senate’s antitrust committee, which oversees competition enforcement. Her tweets called on antitrust watchdogs to act before Uber controls more than half the U.S. food delivery market.

Full Content: Reuters

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.