Grubhub Investors Should Take the Money and Run
After weeks of being serenaded, Grubhub (NYSE: GRUB) has finally chosen a suitor.
The restaurant takeout marketplace will be sold to Just Eat Takeaway.com (OTC: TKAY.Y), a European leader in online restaurant takeout and delivery.
The agreement ends weeks of suspense over a potential tie-up between Grubhub and Uber (NYSE: UBER), which had been in talks to merge Grubhub, the #2 U.S. restaurant delivery company, with Uber Eats, the #3 domestic food delivery app. The combined company would have surpassed DoorDash as the U.S. leader and effectively created a duopoly in the industry.
Source Fool.com
