Menu
POTENTIAL DEAL DETAILS
| Stock | Grubhub Inc. | Symbol | GRUB |
| Date Announced | 05/12/2020 | Source | Wall Street Journal |
| Type | News Report |
| Date of Confirmation: | N/A | Price at Confirmation: | $59.05 |
| Potential Profit: | -7.49% | Annualized Profit: | N/A |
Uber Technologies Inc. (UBER) is seeking to acquire GrubHub Inc. (GRUB) in a deal that would unite two of the biggest players in meal delivery at a time when the coronavirus pandemic has sparked a surge in demand for their services.
Update(s):
May 13, 2020: Uber Technologies Inc. (UBER) and Grubhub Inc. (GRUB) are discussing a takeover valuing Grubhub at roughly $6 billion, with big cost savings that would help pay for the deal, according to people familiar with the matter.
May 17, 2020: Uber Technologies Inc. (UBER) and Grubhub Inc. (GRUB) continued their merger discussions over the weekend, with the companies’ chief executives trying to hash out the price of a deal that would reshape the meal-delivery business.
May 29, 2020: Uber Technologies Inc. (UBER) and Grubhub Inc. (GRUB) are haggling over a breakup fee after nearing an agreement on a merger price, according to people familiar with the matter.
June 10, 2020: Grubhub Inc. (GRUB) is nearing a deal to combine with Just Eat Takeaway.com NV, as the food-delivery company prepares to turn its back on weeks of negotiations with Uber Technologies Inc.
June 10, 2020: Just Eat Takeaway.com N.V, and Grubhub Inc. (GRUB) have entered into a definitive agreement whereby the Company is to acquire 100% of the shares of Grubhub in an all-stock transaction to create the world’s largest online food delivery company outside of China, measured by Gross Merchandise Value and revenues.
November 17, 2021: Food delivery company Just Eat Takeaway.com has no plans to sell its U.S. subsidiary Grubhub (GRUB) , the company’s chief executive said on Wednesday, but it is actively looking for strategic partnerships for the business.
Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.