Hertz Global Holdings Inc said it won bankruptcy court approval on Friday to sell up to $1 billion in stock, capitalizing on a remarkable rally in its shares driven by speculators defying conventional market wisdom...
Europe’s Just Eat Takeaway to buy Grubhub for $7.3 bn in all-stock deal
European food-ordering firm Just Eat Takeaway.com NV said on Wednesday it had agreed to buy US peer Grubhub Inc in an all-stock deal that, if completed, would create the world’s largest food delivery company...
UK watchdog extends deadline for final ruling on Amazon’s Deliveroo deal
Britain’s competition regulator has given itself two more months to make a final ruling on Amazon’s purchase of a minority stake in online delivery group Deliveroo so it can take full account of representations from all...
Grubhub receives takeover interest from Just Eat Takeaway, Delivery Hero: CNBC
Grubhub Inc has received takeover interest from at least two European companies, Delivery Hero SE and Just Eat Takeaway.com NV, CNBC reported on Friday, citing people familiar with the matter. Shares of Grubhub, which...
Zomato partners Singapore tourism board to host food event Zomaland digitally
Zomato on Tuesday announced that it will host its flagship food and entertainment event Zomaland on a digital platform. The digital carnival titled Zomaland@Home will feature a curation of shows with talents from the...
WhatsApp, PayPal invest in Indonesian super app Gojek
Facebook Inc messaging platform WhatsApp and PayPal Holdings Inc on Wednesday said they have invested in payment, food delivery and ride-hailing app operator Gojek as part of the Indonesian firm’s ongoing fundraising...
Alibaba-backed BigBasket eyes up to $200 million in new fundraise
Online grocer BigBasket is planning to raise around $150-200 million, two people aware of the development said, as the coronavirus outbreak and the nationwide lockdown are expected to boost online grocery sales. Supply...
Four Democratic U.S. senators warn against Uber buying Grubhub
Four Democratic lawmakers, led by Senator Amy Klobuchar, wrote to antitrust enforcers on Wednesday to warn that plans by Uber Technologies Inc, owner of Uber Eats, to buy rival online food delivery company Grubhub Inc...
U.S. Senator Klobuchar blasts Uber, Grubhub deal talks
U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc and online food delivery company Grubhub Inc, calling any deal bad for competition and consumers. The two...
Uber approaches food delivery firm Grubhub with acquisition offer: Report
Uber Technologies Inc is in negotiations to buy online food delivery company Grubhub Inc in an all-stock deal, according to people familiar with the matter. A merger could give Uber Eats’ money-losing restaurant...
Britain clears Takeaway.com’s purchase of Just Eat
Britain’s competition regulator on Thursday cleared online food delivery company Takeaway.com’s takeover of UK rival Just Eat, saying the 6.2 billion pound ($7.7 billion) deal would not reduce competition. Amsterdam...
Bigbasket raises $50 million debt funding from Alibaba
Online grocery platform Bigbasket has raised $50 million debt funding from existing investor Chinese e-commerce giant Alibaba Group Holding Ltd, according to documents sourced from the Registrar of Companies (RoC). As...
