Grubhub CEO: Uber deal didnt fall apart due to antitrust concerns
Summary
Grubhub CEO Matt Maloney on Thursday doubled down on the companys decision to merge with Just Eat Takeaway rather than work through a deal with Uber. However, people familiar with the matter told CNBC that talks fell through amid concerns over antitrust scrutiny. Still, Grubhubs ultimate decision to merge with Just Eat confused Uber representatives, according to people familiar with the matter who spoke with CNBC. Uber felt its stock has more upside than shares of Just Eat, making it better currency for Grubhub shareholders, said two of the people. "Like ride-sharing, the food delivery industry will need consolidation in order to reach its full potential for consumers and restaurants," an Uber spokesperson told CNBC on Wednesday.
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