Uber Is Making an Attempt <br />to Purchase Grubhub According to 'The Wall Street Journal,' Uber <br />inquired about a deal earlier in 2020. A report from 'Bloomberg' adds that the two <br />companies may reach an agreement later in May. Reports of the potential merger gave an <br />eight percent increase to Uber's stock on Tuesday. According to CNN Business, <br />Grubhub's stock jumped <br />over 35 percent. Grubhub, via statement Due to COVID-19, demand for <br />food delivery has exploded. Uber is potentially looking to combine its <br />own food service with Grubhub, who <br />helped revolutionize the business. CEO Dara Khosrowshahi, via earnings call Grubhub, which has been around for over 15 years, <br />is currently facing stiff competition. Beside Uber Eats, DoorDash and Postmates <br />have become more popular around the U.S.
