Uber Is Making an Attempt to Purchase Grubhub
- 4 years ago
Uber Is Making an Attempt
to Purchase Grubhub According to 'The Wall Street Journal,' Uber
inquired about a deal earlier in 2020. A report from 'Bloomberg' adds that the two
companies may reach an agreement later in May. Reports of the potential merger gave an
eight percent increase to Uber's stock on Tuesday. According to CNN Business,
Grubhub's stock jumped
over 35 percent. Grubhub, via statement Due to COVID-19, demand for
food delivery has exploded. Uber is potentially looking to combine its
own food service with Grubhub, who
helped revolutionize the business. CEO Dara Khosrowshahi, via earnings call Grubhub, which has been around for over 15 years,
is currently facing stiff competition. Beside Uber Eats, DoorDash and Postmates
have become more popular around the U.S.
to Purchase Grubhub According to 'The Wall Street Journal,' Uber
inquired about a deal earlier in 2020. A report from 'Bloomberg' adds that the two
companies may reach an agreement later in May. Reports of the potential merger gave an
eight percent increase to Uber's stock on Tuesday. According to CNN Business,
Grubhub's stock jumped
over 35 percent. Grubhub, via statement Due to COVID-19, demand for
food delivery has exploded. Uber is potentially looking to combine its
own food service with Grubhub, who
helped revolutionize the business. CEO Dara Khosrowshahi, via earnings call Grubhub, which has been around for over 15 years,
is currently facing stiff competition. Beside Uber Eats, DoorDash and Postmates
have become more popular around the U.S.