Uber may exit merger talks with Grubhub amid antitrust concerns, according to a Wednesday report by CNBC.
“A merger of Uber Eats and Grubhub would combine two of the three largest food delivery application providers and raise serious competition issues in many markets around the country,” the letter said.
With restaurant dining rooms closed during the, many consumers have looked to delivery and pickup services like Postmates, Uber Eats, DoorDash and Grubhub for their daily meals. In a survey of 1,000 DoorDash customers, conducted by the company in March, 56% said their .
“Consumers and restaurants are using these services more than ever, and the last thing they need is an increase in the extremely high fees already paid to these companies,” Klobuchar has said. “Protecting competition remains especially important as we continue to confront the financial impacts of the coronavirus pandemic.”
Uber has fallen into a tough financial situation amid the pandemic, prompting the ride-hailing company to cut 25% of its staff and close or consolidate about 45 offices worldwide.
Just Eat Takeaway.com said in a release Wednesday that the company is in “advanced discussions with Grubhub” regarding the potential merger.
Neither Uber nor Grubhub immediately responded to requests for comment.
- Pandemic thriller Utopia on Amazon might be the perfect viewing
- 2021 Jaguar F-Pace refreshed with new styling, luxury and tech
- 2020 Halloween full moon: This year’s spooky spectacle brings a rare twist
- The best minimalist wallet for 2020
- NASA chief calls for prioritizing Venus after surprise find hints at alien life
- YouTube is adding a new Shorts feature to rival TikTok and Instagram Reels
- Paul Rudd, world’s youngest 51-year-old, tells fellow kids to mask up
- Jonathan Majors to join MCU as villain Kang the Conquerer, report says
- TikTok ban won’t prevent employees from being paid, US says in filing