Sources: Uber has been in off and on talks for a year to acquire Grubhub, but the parties remain at odds about price
- Uber has made an offer to buy food delivery company Grubhub, a person familiar with the matter told CNBC Tuesday. — Grubhub's stock spiked as much as 38% …
CNBC
Related Coverage
- Uber Technologies Makes Takeover Approach to Grubhub Wall Street Journal · Cara Lombardo
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- Uber Approaches Grubhub With Takeover Offer Bloomberg · Ed Hammond
- Uber's attempt to buy Grubhub comes under fire Ars Technica · Dave Lee
- Uber approaches GrubHub with takeover offer: source Reuters
- Uber seeks to dominate the food delivery wars Fortune · Lucinda Shen
- Uber Said to Be in Talks to Acquire Grubhub New York Times
- Uber (NYSE: UBER) Looking to Offer $750 Million of New Notes to Finance “Potential Acquisitions” … Wccftech · Rohail Saleem
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- Uber Reaches Out to Grubhub for Takeover, GRUB Stock Jumps 29% coinspeaker.com · Bhushan Akolkar
- It's eat or be eaten as Uber pushes delivery consolidation Financial Times
- Grubhub Has a Lot of Leverage in its Reported Talks with Uber TheStreet · Eric Jhonsa
- Uber's Bid for Grubhub Shows That Deals Aren't Dead Yet New York Times
- GrubHub stock rockets 27% on report that Uber has made a takeover offer MarketWatch · Emily Bary
- COVID-19 roundup: Uber eyes GrubHub for U.S. food-delivery dominance The Logic
- Uber has reportedly offered to buy GrubHub as it leans on food delivery to make up for coronavirus losses Business Insider · Graham Rapier
- Will Uber And Grubhub Be Delivery's First Dynamic Duo (And Will Regulators Go Along)? PYMNTS.com
- Uber is trying to buy Grubhub The Verge · Chaim Gartenberg
- Uber has offered to buy Grubhub in a bid to make food delivery profitable Input · Tom Maxwell
- Uber/Grubhub: greed is good — Food delivery group's shareholders … Financial Times
- Uber buying Grubhub could give it a stranglehold on U.S. food delivery Protocol · Shakeel Hashim
- Uber, Fresh From a Massive Round of Layoffs, Is Reportedly Trying to Buy Grubhub Gizmodo · Bryan Menegus
- Report: Uber is in talks to acquire food delivery rival Grubhub SiliconANGLE · Maria Deutscher
- Grubhub Statement — “While our policy remains to not comment … PR Newswire
- A Grubhub-Uber tie-up would remake the food delivery landscape TechCrunch · Alex Wilhelm
- GrubHub shares surge off reports of acquisition offer by Uber USA Today · Brett Molina
- Uber Eats Grubhub: The Cash-Burn Duo Making a Recipe for Disaster CCN.com · Francois Aure
- Uber eyes takeover of meal delivery rival Grubhub The Irish Times
Discussion
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@carnage4life
Dare Obasanjo
on x
Uber laid off 3,700 employees via Zoom last week. It looks like they're using the money saved to bargain hunt all the other startups hurt by #COVID19 instead of laying low. First they invested in Lime at a 79% discount and now moving to acquire Grubhub. https://www.bloomberg.com/…
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@kateconger
Rocket Surgery
on x
Grubhub's profits have been falling since 2018, making it an acquisition target. But even *if* a deal comes together with Uber, antitrust scrutiny will follow: https://www.nytimes.com/...
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@zephyrteachout
Zephyr Teachout
on x
We need a merger moratorium. Also, devastated restaurants lose even more power if this goes through. Uber sets terms, extracts. https://www.nytimes.com/...
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@civileats
@civileats
on x
“We cannot allow these corporations to monopolize food delivery, especially amid a crisis that is rendering American families and local restaurants more dependent than ever on these very services.” https://www.nytimes.com/...
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@cnbcnow
@cnbcnow
on x
BREAKING: Uber has rejected 2.15 share ratio in GrubHub deal talks & the companies remain at odds on price, sources tell CNBC. The companies have been talking on and off for a year, people familiar also said. https://www.cnbc.com/...
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@stevekovach
Steve Kovach
on x
New Uber/Grubhub details from @davidfaber: Grubhub's proposal rejected by Uber. Both parties still at odds on price. The companies have been talking on and off for about a year. https://www.cnbc.com/...
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@saraashleyo
Sara Ashley O'Brien
on x
GrubHub releases statement on the reports of a possible Uber merger: “As we have consistently said, consolidation could make sense in our industry, and, like any responsible company, we are always looking at value-enhancing opportunities” https://www.prnewswire.com/...
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@lamonicabuzz
Paul R. La Monica
on x
$GRUB just said “policy remains to not comment on specific market rumors” and company is “squarely focused on delivering shareholder value.” Adds that “consolidation could make sense” but “we remain confident in our current strategy.” No mention of $UBER. https://www.prnewswire.c…
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@levynews
Ari Levy
on x
shorter GrubHub: If we get acquired, that's cool. If not, hey that's cool too https://www.prnewswire.com/...
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@mikeisaac
Rat King
on x
the food delivery industry is a warzone, and everyone is bleeding money. heres why Uber wants to buy grubhub w/ @kateconger https://www.nytimes.com/...
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@patrickhedlund
Patrick Hedlund
on x
GrubHub had a market value of $4.4 billion as of this morning, while Uber's was $54 billion https://www.wsj.com/...
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@mhbergen
Mark Bergen
on x
Most would say Gruber. But try this on for size: Ubhub. https://www.bloomberg.com/...
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@can
@can
on x
Should be a Seamless integration https://twitter.com/...
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@danprimack
Dan Primack
on x
@DelRey But GrubHub is only profitable based on a model that Uber doesn't follow, and which GrubHub is moving away from because it lost share to Uber/DD.
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@delrey
Jason Del Rey
on x
An Uber deal has been matter of “who” & “when” - not “if” *Buy Grubhub & you get a big, profitable player, but still have to deal w/ wild spender in DoorDash *Buy DoorDash & you take out an aggressive spender but burn more cash May just come down to DoorDash costing too much http…
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@teddyschleifer
Teddy Schleifer
on x
Is the great consolidation in food delivery finally going to happen? Uber has made an offer to buy GrubHub, per Bloomberg. https://www.bloomberg.com/...