According to WSJ, Grubhub (GRUB) approached by Uber Technologies (UBER)

  • May 12, 2020

POTENTIAL DEAL DETAILS

StockGrubhub Inc.SymbolGRUB
Date Announced05/12/2020Source Wall Street Journal
TypeNews Report
Date of Confirmation: N/APrice 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.

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