Uber Technologies Inc. and Grubhub Inc. are discussing a takeover valuing Grubhub at roughly $6 billion, with big cost savings that would help pay for the deal, according to people familiar with the matter.
The companies are considering a deal that would value Grubhub stock at around 1.9 Uber shares, or just over $60 per Grubhub share based on trading Wednesday afternoon, the people said.
Grubhub...
- RT @CaraRLombardo: .@wsj scoop: Uber and Grubhub see more than $300 million in cost savings should they combine forces $UBER $GRUB https:/…
WSJ Deals Wed 13 May 2020 19:33 - RT @danacimilluca: SHORT ORDER: Just weeks after @maureenmfarrell & @cararlombardo broke news in Jan that Grubhub was considering a sale ht… WSJ Deals Tue 12 May 2020 18:37
- RT @CaraRLombardo: Hitting @wsj wires: Grubhub seeking 2.15 Uber shares for each Grub share, Uber reviewing proposal $grub $uber WSJ Deals Tue 12 May 2020 16:17
- RT @WSJ: Breaking: Uber is seeking to acquire GrubHub in a deal that would unite two of the biggest players in meal delivery, people famili… WSJ Deals Tue 12 May 2020 16:17
Hertz Global Holdings Inc. has hired an additional adviser to help prepare for a planned bankruptcy filing, according to people familiar with the matter, as the coronavirus pandemic squeezes the car-rental business.
The Estero, Fla., company, which missed a lease payment last week, has engaged FTI Consulting Inc. to advise on efforts to streamline operations in advance of a possible chapter 11 filing to restructure $17 billion in debt, the people said.
...- RT @natebecker: For years, PE firms complained about how hard it was to invest in stocks because they were too expensive. Now they’re getti… WSJ Deals Mon 13 Apr 2020 12:48
- RT @CaraRLombardo: Another @wsj stimulus scoop w/?@lizrhoffman?: Boeing has tapped Evercore and Lazard for help securing a financial lifeli… WSJ Deals Fri 10 Apr 2020 17:05
- RT @KirstenGrind: Airbnb was supposed to be the hottest public offering this year. Instead, the coronavirus pandemic has ravaged its busine… WSJ Deals Wed 08 Apr 2020 19:18
- RT @CaraRLombardo: .@WSJ scoop w/ ?@lizrhoffman?: The Treasury Department is close to hiring three Wall Street firms for coveted roles help… WSJ Deals Wed 01 Apr 2020 23:16
- RT @danacimilluca: B1 belongs to ?@CaraRLombardo?, and it’s a feast for (broken?) deal enthusiasts! https://t.co/MGWBgHxhuR WSJ Deals Wed 01 Apr 2020 15:11
- RT @danacimilluca: PRINTER JAM: Xerox ends $30B-plus hostile takeover bid for HP. Major scoop from @CaraRLombardo WSJ Deals Tue 31 Mar 2020 20:05
- RT @CaraRLombardo: .@WSJ Scoop: The printer saga is over - for now. Xerox plans to drop its hostile takeover bid for HP and proxy fight af… WSJ Deals Tue 31 Mar 2020 20:05
- RT @natebecker: “Almost every variable is changing, whether it be CEO and board confidence, the availability of plentiful financ… WSJ Deals Tue 31 Mar 2020 13:05
- RT @danacimilluca: DEALDRUMS: M&A, IPOs take a major hit from coronavirus (evidenced by Axalta abandoning its ~$7B sale today, first repor… WSJ Deals Tue 31 Mar 2020 13:05
- RT @CaraRLombardo: The coronavirus has sent M&A volume down to a seven-year low as companies focus on more pressing needs. Absent a dramati… WSJ Deals Tue 31 Mar 2020 11:10
- RT @danacimilluca: Congrats to ?@WSJdeals?’ own ?@maureenmfarrell? for her (not one but two!) WeWork Sabew awards, and ?@CaraRLombardo? for… WSJ Deals Mon 30 Mar 2020 18:39
- RT @CaraRLombardo: . @WSJ scoop: Exor, controlled by Italy's Agnelli family, is nearing a deal to make its first big tech investment in rid… WSJ Deals Mon 30 Mar 2020 15:34
- RT @danacimilluca: INACTIVE: Raiders press pause as companies cope with coronavirus. Nice, timely piece from ?@cdriebusch?. https://t.co/j… WSJ Deals Mon 30 Mar 2020 14:34
- RT @CaraRLombardo: ?@WSJ? scoop: Occidental is nearing a deal to let Carl Icahn in its boardroom after a nearly year-long clash $OXY https:… WSJ Deals Sun 22 Mar 2020 22:02
- RT @rfelliott: “It was a very narrow needle hole to thread." Occidental made a $38 billion bet on shale. Then the coronavirus struck. The… WSJ Deals Sun 22 Mar 2020 19:21
- RT @CaraRLombardo: Activist fights in the oil patch go on. @wsj scoop: $OXY is preparing to bring back its former CEO as chairman to help f… WSJ Deals Thu 19 Mar 2020 22:34
- RT @miriamgottfried: Scoop on @wsj: Salesforce Ventures and Silver Lake are leading a new round of investment in ServiceMax, the software c… WSJ Deals Mon 24 Feb 2020 19:12
- RT @CaraRLombardo: This would be Intuit’s largest acquisition in its nearly 40-year history by far. And the latest big fintech deal in a ye… WSJ Deals Sun 23 Feb 2020 05:11
- RT @CaraRLombardo: Big @WSJ tax-season scoop w/?@danacimilluca: TurboTax-maker Intuit is nearing a deal to buy personal finance startup Cre… WSJ Deals Sun 23 Feb 2020 05:01
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