Uber reportedly offers to buy food delivery company GrubHub

Valentyn Ogirenko/Reuters

The two companies are currently in talks about a deal and could reach an agreement as soon as this month, the report said, citing people familiar with the matter.Story continues below advertisement Global lockdown orders aimed at curbing the spread of the virus have been a silver lining amid the health crisis for Uber’s loss-making food delivery unit, with many new customers and restaurants signing up for the service as eateries were shut.

globebusiness Zero profit ever seeks to expand. I am so tired of these Public Corporations that have made no money buying other entities in some insane theory of Growth through Acquisition magically = Profits.

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