#Dutch food-ordering company close to buying Grubhub

#Dutch food-ordering company close to buying Grubhub

June 10, 2020 | 12:19pm | Updated June 10, 2020 | 12:19pm

European food ordering firm Just Eat said on Wednesday it was in advanced talks to buy Grubhub in an all-stock deal.

Grubhub was also approached by ride-hailing firm Uber in May for an all-stock deal. Uber, however, is now close to exiting the deal, CNBC reported on Wednesday.

Uber did not immediately respond to a request for comment.

Experts say consolidation is long overdue in the food-delivery space, where demand is surging, especially as many people stay-at-home to combat the spread of the novel coronavirus.


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