Uber Targets Grub Hub Acquisition in Bid for Food Delivery Dominance

Uber placed an $6.9 billion acquisition target on Grub Hub (GRUB) in an attempt to become the largest food-delivery service. Equity Research Analyst, Dan Ives, explains how competitors, Door Dash and Postmates, would need to merge together to survive against Uber’s potential acquisition of Grub Hub. Additionally, he discusses with Forbes how the food-delivery service has been unprofitable due to their 30% processing fees.

For more comments from Dan Ives, view the full article.