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- Mainstream financial media CNBC reported Uber has put in an official offer to buy food delivery giant Grubhub.
- Bloomberg initial report spiked Grubhub stock up to 38% intraday.
According to the latest report both sides have yet to agree on a deal.
Grubhub
Grubhub Inc. is an American online and mobile prepared food ordering and delivery marketplace that connects diners with local takeout restaurants.
Uber
Uber Technologies, Inc., commonly known as Uber, is an American multinational ride-hailing company offering services that include peer-to-peer ridesharing, ride service hailing, food delivery, and a micromobility system with electric bikes and scooters.
Source: CNBC
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