Grubhub Nears Deal With Just Eat Takeaway.com as Talks With Uber Derail
Grubhub is nearing a deal to be acquired by Just Eat Takeaway, the European meal delivery service, after talks with Uber (NYSE: UBER) fizzled out over antitrust concerns.
Netherlands-based Just Eat Takeway.com confirmed in a press release that it's in advanced talks with Grubhub about an all-stock combination. The company went on to say a that further announcement will be "made when appropriate."
Earlier Wednesday, CNBC reported that Uber was ready to walk away from Grubhub over regulatory concerns. Grubhub reportedly wanted Uber to pay a break-up fee if the deal was blocked.
Source Fool.com
