European food ordering firm Just Eat Takeaway.com NV said on Wednesday it was in advanced talks to buy Grubhub Inc in an all-stock deal.
FILE PHOTO: Signage for Just Eat is seen on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville.Grubhub was also approached by ride-hailing firm Uber Technologies Inc in May for an all-stock deal.Uber did not immediately respond to a request for comment.
Experts say consolidation is long overdue in the food-delivery space, where demand is surging, especially as many people stay-at-home to combat the spread of the novel coronavirus.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dreaming of sushi? Here are eight fine restaurants to satisfy that yearningWhile we’re holding out for Phase 2, these fine establishments are offering high-quality, takeaway sushi that can withstand travel in our tropical clime.
Read more »
Singapore shares advance at Wednesday's open; STI up 0.5%SINGAPORE shares rebounded on Wednesday morning, after losing some steam by the closing bell on Tuesday. Read more at The Business Times.
Read more »
Bank of England ready to replenish its COVID-19 warchestThe Bank of England looks set to give itself at least another 100 billion pounds (US$127 billion) in bond-buying firepower next week to try to ...
Read more »
Mall operator Simon Property abandons US$3.6 billion acquisition of TaubmanSimon Property Group Inc , the biggest U.S. mall operator, said on Wednesday it was ending its US$3.6 billion deal to buy Taubman Centers Inc , ...
Read more »
Tiffany amends debt pacts for financial leeway amid pandemic, slump in salesU.S. luxury jeweler Tiffany & Co , which is being bought by France's LVMH for US$16 billion, said on Tuesday it had amended some of its debt ...
Read more »