Report: 2 New Suitors Emerge as Potential Grubhub Buyers
Grubhub's (NYSE: GRUB) shares rose by more than 5.2% on Friday following a news report that revealed two new potential buyers have emerged for the food delivery company. Citing "people familiar with the matter," CNBC reported that European delivery companies Just Eat Takeaway.com and Delivery Hero are now vying for the company.
Last month, rideshare giant Uber Technologies (NYSE: UBER) made an initial offer to buy Grubhub in an all-stock deal, which Grubhub refused. Talks between the two are ongoing.
Image source: Grubhub.
Source Fool.com
