GrubHub Stock Crashes Over 40% After Earnings Downgrades

#23667
Super Harley
Participant

[color=green][size=5][b]Uber Technologies Inc. has made an offer to acquire food-delivery startup Grubhub Inc., according to people familiar with the matter, Bloomberg News reports.
[/b][/size][/color]
The companies are in talks about a deal and could reach an agreement as soon as this month, said the people, who asked not to be identified because the matter isn’t public. Chicago-based Grubhub is valued at about $4.5 billion, while Uber has a market capitalization of about $55 billion.

Market Summary > GrubHub Inc
NYSE: GRUB
56.92 USD +10.09 (21.55%)

Market Summary > Uber Technologies Inc
NYSE: UBER
33.23 USD +1.56 (4.93%)
May 12, 11:22 AM EDT