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…

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via The Verge – All Posts

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