Walmart, Kroger open to buying Grubhub, which denied sale reports - Business Insider

Bosses at the retail titan and supermarket giant, along with managers at Albertsons and Ahold-Delhaize — which owns Stop & Shop — assessed how the food-delivery startup could augment their companies, former Amazon executive and supply-chain consultant Brittain Ladd told the Post.

"I have spoken with executives from each company and there is interest in acquiring Grubhub," Ladd told the newspaper in an email. "I believe the value of Grubhub to Walmart is that they could leverage Grubhub for delivering food and groceries." The Post reported that Grubhub put itself up for sale months ago but hasn't enticed any bids, citing a person with direct knowledge of the matter. However, Grubhub dismissed the claim in a statement to Bloomberg.

"We felt it was important to clarify that there is unequivocally no process in place to sell the company and there are currently no plans to do so," a representative told the outlet.

Everything is for sale, for the right price of course

Buy? It actually has a value?

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Walmart's data chief shared the 3 questions that guide its AI efforts - Business InsiderWalmart has over 100,000 different machine learning or AI-based projects currently in production. The success rate, however, is still just 75 percent. This is why we need a leader that truly understand 21st Century problems.... The automation of our retail work is here, retail is the most common job with 4 million employees... This is why we need AndrewYang. AndrewYang2020 HumanityFirst.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Softbank may get a winner and a loser in the food delivery market - Business InsiderWith Grubhub reportedly looking to throw in the towel, SoftBank may finally have a winner in the food delivery market. But it may have a loser too. Only till most of fast-food delivery services wise up and start delivering their own food like pizza places do.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Facebook deepfake policy could fall short - Business Insider - Business InsiderUnder Facebook's new policy, users cannot post videos that are manipulated through AI or altered in a way that is misleading to the 'average' person.
Source: BusinessInsider - 🏆 729. / 51 Read more »