News Formal

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

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

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

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.
Source: CNBC - 🏆 12. / 72 Read more »