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The Wall Street Journal and the Bloomberg news agency had previously reported that the operator brokered an offer for GrubHub. Uber is already active in the food delivery business – but still needs size to make it profitable.
GrubHub was last worth around $ 4.5 billion on the stock exchange – and Uber around $ 55 billion. The Wall Street Journal, citing informed people, reported that GrubHub recently suggested that its shareholders get 2.15 Uber shares per share. At the prices before the media reports, this would amount to a price of $ 68 per GrubHub share. That would be a good $ 20 above Monday’s closing price – and also explains the rapid rise in prices.
The business of the food suppliers got a significant boost in the Corona crisis, partly because restaurants switched to Auer house operations. Uber Eats sales in the first quarter increased more than 50 percent year-over-year to $ 819 million. However, the operating loss remained stable at $ 313 million. GrubHub saw a twelve percent increase in sales to $ 363 million with a loss of $ 33.4 million.
According to information from the “Financial Times”, Uber had already tried to take over the GrubHub rival DoorDash last year, but flashed off.
/ men / he
SAN FRANCISCO (dpa-AFX)
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