Uber approaches GrubHub with takeover offer: Bloomberg News

FAN Editor
The Uber logo is displayed on a mobile phone in this picture illustration
FILE PHOTO: The Uber logo is displayed on a mobile phone in this picture illustration taken November 25, 2019. REUTERS/Hannah McKay/Illustration

May 12, 2020

(Reuters) – Uber Technologies Inc <UBER.N> has made an offer to buy online food delivery company GrubHub Inc <GRUB.N>, Bloomberg News reported on Tuesday.

The two companies are currently in talks about a deal and could reach an agreement as soon as this month, the report said, citing people familiar with the matter. (https://bloom.bg/2LoVtoS)

Ride-hailing company Uber said it does not comment on rumors and speculations, while GrubHub did not immediately respond to a request for comment.

(Reporting by Akanksha Rana in Bengaluru; Editing by Shinjini Ganguli)

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