Senator Klobuchar blasts Uber, Grubhub deal talks

published 17.05.2020 20:26

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Her tweets called on antitrust watchdogs to act before Uber controls more than half the U.S. food delivery market.

“If Uber takes over Grubhub it isn’t good for competition and it isn’t good for you,” the Democrat from Minnesota tweeted.

A merger would give Uber Eats’ money-losing food delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber’s business of shuttling people from place to place.

REUTERS/Gonzalo Fuentes/File Photo (Reuters) - U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc (UBER.N) and online food delivery company Grubhub Inc (GRUB.N), calling any deal bad for competition and consumers.

Grubhub had a market capitalization of about $5.1 billion, while Uber was valued at $56.3 billion as of Friday’s close, according to Refinitiv data.