Packaged Facts Weigh In on Uber's Reported Negotiations to Acquire Grubhub
On May 12, Bloomberg News first reported that Uber Technologies Incorporated (San Francisco, CA) was in negotiations to acquire Grubhub Incorporated (Chicago, IL). This deal, if completed, would combine the first and second largest online foodservice delivery firms. However, negotiations could still fall through or any agreed-upon deal could fail to pass likely regulatory hurdles
Uber's UberEats unit has been the bright spot for the company recently as stay-at-home orders and sharp reductions in travel for business and pleasure have led to steep declines for the company's flagship ride-hailing unit. Uber CEO Dara Khosrowshahi noted on a recent earnings call that...
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