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Uber, GrubHub Analysts Dish Opinions On Reported M&A Talks: "Not Surprising"

If media reports are accurate that Uber Technologies Inc (NYSE: UBER) is in talks to acquire rival food delivery platform GrubH.....»»

Category: blogSource: benzingaMay 12th, 2020

GrubHub on Uber takeover rumors: "Consolidation could make sense"

GrubHub stock soared Tuesday on a report that Uber is in talks to buy the food delivery service in an all-stock deal that would merge two of the country's largest on-demand meal platforms......»»

Category: topSource: foxnewsMay 12th, 2020

GrubHub stock rockets 27% on report that Uber has made a takeover offer

Shares of GrubHub Inc. are up more than 27% in Tuesday morning trading after Bloomberg News reported that Uber Technologies Inc. has made an offer to acquire the food-delivery company. Share.....»»

Category: topSource: marketwatchMay 12th, 2020

Uber has reportedly offered to buy GrubHub as it leans on food delivery to make up for coronavirus losses (UBER, GRUB)

Reuters / Valentyn Ogirenko Uber has made an offer to buy rival delivery service GrubHub, Bloomberg and the Wall Stree.....»»

Category: topSource: businessinsiderMay 12th, 2020

GrubHub stock rockets 24% on report that Uber has made a takeover offer

Shares of GrubHub Inc. are up more than 24% in Tuesday morning trading after Bloomberg News reported that Uber Technologies Inc. has made an offer to acquire the food-delivery comp.....»»

Category: topSource: marketwatchMay 12th, 2020

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company......»»

Category: topSource: reutersMay 30th, 2019

Uber"s Dara Khosrowshahi got into a Twitter spat with a rival food delivery CEO over plans to launch Uber Eats in Germany

Uber's announcement it will expand its f.....»»

Category: topSource: businessinsiderApr 21st, 2021

Uber needs drivers: Record demand for ride-sharing, food delivery as vaccinations rise

Uber said total monthly bookings, including food delivery and passenger service, reached an all-time high in March. Last week, Uber announced $250 million in sign-up .....»»

Category: topSource: chicagotribuneApr 13th, 2021

Uber Spinning Off Robotic Delivery Division

After first indicating in January it planned to spin off Postmates X, the robotics division of on-demand food delivery firm Postmates, Uber Technologies (NYSE: UBER) has made it official, according to published reports. read more.....»»

Category: blogSource: benzingaMar 2nd, 2021

Lyft beats Q4 2020 earnings expectations, reports $569.9 million in revenue amid pandemic struggles

Lyft's business has been hit harder by the pandemic than rival Uber, which has offset losses with its food-delivery business. Lyft went public in March 2019 at a price of $72 per share. Mario Tama/Getty Images Lyft on Tuesday reported $569.9 mi.....»»

Category: topSource: businessinsiderFeb 9th, 2021

DoorDash Buys Food Robotics Startup Chowbotics: Report

Third-party restaurant delivery platform DoorDash Inc. (NASDAQ: DASH) has reached an agreement to acquire the robotics startup company Chowbotics, according to The Wall Street Journal, read more.....»»

Category: blogSource: benzingaFeb 8th, 2021

Cost Cuts, New Debt, More Competition Threaten Lyft Stock

Lyft could be in for a rough ride with new debt and declines in ridership, while rival Uber looks to food delivery to bolster its bottom line......»»

Category: blogSource: 247wallstMay 13th, 2020

GrubHub surges 38% on report of potential takeover by Uber

Lucas Jackson/Reuters GrubHub stock spiked as much as 38% on Tuesday after Bloomberg reported Uber made a takeover offer for the food delivery company. Both firms are in negotiations and could close a deal before the end of the month, sources famili.....»»

Category: topSource: businessinsiderMay 12th, 2020

Uber Offers To Acquire Grubhub, Creating Food-Delivery Giant

Uber Offers To Acquire Grubhub, Creating Food-Delivery Giant In a deal that wou.....»»

Category: blogSource: zerohedgeMay 12th, 2020

Food delivery apps promise to expand service to Treasure Island

Responding to pressure from Treasure Island residents and a San Francisco supervisor, UberEats and Postmates on Friday said they will add the man-made island between San Francisco and Oakland in their delivery service zones. The shelter-in-place ord.....»»

Category: topSource: bizjournalsApr 6th, 2020

Carrefour teams up with Uber Eats for lockdown deliveries

French supermarket retailer Carrefour and Uber Eats said on Wednesday they would launch a new delivery service aimed at helping Parisians buy essential goods and food during the nationwide lockdown triggered by the coronavirus crisis......»»

Category: topSource: reutersApr 1st, 2020

France"s Carrefour teams up with Uber Eats for lockdown deliveries

French supermarket retailer Carrefour and Uber Eats announced a new delivery service on Wednesday, aimed at helping Parisians buy essential goods and food during the nationwide lockdown triggered by the coronavirus crisis......»»

Category: topSource: reutersApr 1st, 2020

Rival Meat Subscription Investor Wants To Purchase Blue Apron

Struggling Blue Apron Holdings Inc. (NYSE: APRN), a food kit delivery service, has received an offer from Tai Lopez, an investor in the meat subscription firm Farmers Box. read more.....»»

Category: blogSource: benzingaFeb 28th, 2020

DoorDash, Postmates, Uber Eats All "Discussed Merging In Various Combinations," WSJ Says

Food delivery companies DoorDash, Postmates and Uber Technologies Inc (NYSE: UBER) all held some form of merger discussion in 2019, according to read more.....»»

Category: blogSource: benzingaFeb 18th, 2020

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Uber has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China's Ant Financial, limiting its exposure to a crowded market where it has struggled to grow......»»

Category: topSource: reutersJan 20th, 2020