Popular online food delivery platform Grubhub (NYSE: GRUB) is reportedly for sale, according to a Wall Street Journal report from earlier this week. Amid intensifying competition and aggressive promotional spending that is pinching margins, Grubhub is evaluating a broad range of strategic options that could potentially include selling itself to a larger company.
Despite the fact that Amazon.com (NASDAQ: AMZN) shut down its own U.S. food delivery service, Amazon Restaurants, just six months ago, speculation has emerged that the tech behemoth could potentially be a suitor for Grubhub.
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Source Fool.com