Uber has made an offer for GrubHub, a U.S. food and beverage delivery service, Bloomberg said today, citing people familiar with the matter. Headquartered in Chicago, GrubHub is the largest takeaway platform in the United States and is known as the “American Edition.” Uber is in takeover talks with GrubHub and a deal could be concluded as soon as this month, people familiar with the matter said.
GrubHub is currently valued at about $4.5 billion, while Uber has a market capitalisation of about $55 billion. In fact, there were reports earlier this year that Grubhub was considering selling the company.
Grubhub was founded in 2004 and listed on the NYSE in 2014, with a market share of 34% in the United States in 2018, ranking first. It was followed by Uber Eats and DoorDash, with 24 per cent and 12 per cent, respectively.