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Uber still haggling with GrubHub over price for acquisition: report

Uber’s attempt to gobble up rival food delivery startup GrubHub isn’t a done deal just yet, as the both sides are reportedly still squabbling over price. News of the acquisition talks sent shares of GrubHub up nearly 30 percent Tuesday, but they slipped slightly by 3.7 percent Wednesday as details of firm numbers remained scarce. Uber and Grubhub are still haggling over the deal’s stock exchange ratio, and there is no certainty that they will reach an agreement, sources told Reuters. The ride-hail giant’s market cap sat just shy of $56 billion at Tuesday’s close, while GrubHub is valued at about $5.4 billion. Uber “can wait a bit longer and probably get them cheaper. But it could be that you have a lot cats circling the s ...
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