Uber Eyes Up GrubHub Takeover

Unsurprisingly, the food delivery industry is seeing a huge improvement in their stocks due to a large number of people at home due to Covid-19. Most notably, is GrubHub, who have seen impressive increases which have made them a prime target for Uber.

This has been highlighted by the trading platform, Trade.com who posted news of a potential takeover bid from Uber who are suffering from losses to their taxiing service, which has coincided with a 30% increase of the GrubHub stock value.

75% of retail investor accounts lose money when trading CFDs with this provider

The full post from the platform explains, “Uber is hungry for Grubhub, as the people-moving company faces losses over its taxiing service, it makes an all-stock offer to buy the contactless food delivery firm. Meanwhile, Grubhub’s share price has jumped 30% on the news.”

You can benefit from the market events by going over to Trade.com and getting involved in their stock option, GRUB. On their platform, you can trade it via CFD format and stand to benefit from either the takeover or the continued growth of their stock’s value.