Shares of Grubhub (NYSE: GRUB) exploded nearly 30% yesterday after it was reported that Uber (NYSE: UBER) has launched a takeover attempt. The deal could be completed as soon as this month, although it has already drawn much criticism from lawmakers and city officials. Fundamental analysis: Uber comes under fire The ride-hailing giant made a takeover approach for the meal-delivery company Grubhub in recent days, the New York Times reported. Accordingly, Grubgub has asked for two Uber stocks for one of his own in order to accept the bid. Uber would want to complete the all-stock deal as early as
The post Grubhub stock price skyrockets on Uber takeover talks appeared first on Invezz.
