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Uber in Talks With GrubHub Over $6 Billion Takeover Offer

Investing.com
·1-min read

Investing - Ride-sharing company Uber has reportedly tabled a $6 billion bid for food-delivering company Grubhub, The Wall Street Journal reported.

Uber Technologies (NYSE:UBER) was down 0.76% in after-hours trade, while Grubhub (NYSE:GRUB) was up 0.19%.

Uber offered 1.9 shares, or just over $60 per Grubhub share, a deal that would value the company at $6 billion. The news comes after earlier reports suggested that Grubhub is holding out for a higher price around 2.15 Uber shares.

Talks are still continuing, and the details could change, according to WSJ.

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