Uber Technologies and Lyft Inc. IPOs Message Board

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Technology Stocks : Uber Technologies and Lyft Inc. IPOs

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From: Glenn Petersen	6/10/2020 9:55:13 AM
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Unfortunate for Uber: Uber likely to pull out out of its merger talks with GrubHub over antitrust concerns Published Wed, Jun 10 20209:43 AM EDT Updated Moments Ago Lauren Feiner @lauren_feiner CNBC.com Uber is likely to pull out of merger talks with GrubHub over antitrust concerns raised with the potential deal, sources told CNBC’s David Faber. Grubhub will likely merge with a European company instead, Faber reported. The news comes after several Democratic lawmakers expressed concerns over the potential deal, which would create a new market leader in the U.S. online delivery space over rival DoorDash. In a letter to top antitrust officials last month, Sens. Amy Klobuchar, D-Minn., Richard Blumenthal, D-Conn., Patrick Leahy, D-Vt., and Cory Booker, D-N.J., urged the agencies to investigate the deal if it closed. This story is developing. Check back for updates. cnbc.com

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