Potential Grubhub-Uber Deal Draws Fire Over Possible Food Delivery 'Duopoly'
With talks apparently continuing between Grubhub (NYSE: GRUB) and Uber Technologies (NYSE: UBER) over Uber's possible acquisition of the food delivery service, four senators sent a letter to the Department of Justice (DOJ) and the Federal Trade Commission (FTC) asking them to watch the deal carefully. The senators, all Democrats, allege the deal could damage the market's competitiveness and they want a full investigation if Uber actually agrees to buy Grubhub.
Senator Amy Klobuchar heads the group, which also includes Cory Booker, Patrick Leahy, and Richard Blumenthal. The letter says it is "particularly troubling that this merger is being contemplated during a pandemic, when consumer demand has increased and when restaurants are more desperate for revenue than ever."
Image source: Getty Images.
Source Fool.com
