Uber may pay a 25% premium for Grubhub in a takeover, Barclays says - Business Insider

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Uber may pay a 25% premium for Grubhub in a takeover, Barclays says - Business Insider
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Uber may pay a 25% premium for Grubhub in a takeover, Barclays says

That's a roughly 25% premium from where shares of the food-delivery platform traded at Tuesday's close. Grubhub gained 29% to $60.39 per share Tuesday following reports that Uber made an offer for the company.

A merger between Uber and Grubhub makes sense, the Barclays analysts said, citing "the meaningful opportunity for both revenue and cost synergies."

 

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