Briefing
uber/lyft

Grubhub in Play as Food Delivery Preps for Consolidation

By
Amir Efrati
· · Source: The Wall Street Journal

American online food-ordering pioneer Grubhub is talking to financial advisors about a potential sale, the Wall Street Journal reported . The move was widely expected, though apparently not by Wall Street, where Grubhub’s stock jumped 16% on the report. The vast majority of investors in the field believe consolidation in the U.S. market is inevitable, given the mergers in Europe and China that...

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