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uber/lyft

Uber Makes Takeover Bid for Grubhub

By
Amir Efrati
· · Source: Bloomberg

Uber has made a takeover offer for online food-ordering pioneer Grubhub, according to several publications. The Wall Street Journal reported the all-stock deal proposed by Grubhub would value it at $6.1 billion, compared to a market capitalization of about $4.4 billion before today’s news. One possible reason for doing the deal now: Grubhub, which owns Seamless, has a stronghold in New York...

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