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GrubHub near merger announcement with Just Eat Takeaway as Uber pulls back on antitrust fears: reports

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Uber–Grubhub deal appears off table as U.K.'s Just Eats Takeaway moves in

Uber Technologies Inc. shares UBER, -5.32% are off about 5% in Wednesday trading after a CNBC report indicated that the company was"likely" to pull out of its deal talks with GrubHub Inc.

after some lawmakers raised antitrust concerns about a potential combination. The report, which cites multiple anonymous sources, said that GrubHub was likely to merge with a European food-delivery player, as the company has received interest from Just Eat Takeaway.com N.V. JET, -13.08% TKWY, -13.30% and Delivery Hero AG DHER, +0.42%. The Wall Street Journal reported Wednesday that Just Eat Takeaway.

 

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Stocks making the biggest moves midday: United Airlines, Carnival, GrubHub, Zillow, JetBlue & moreAirlines and cruise lines all got a boost while GrubHub shares were under pressure.
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