Quote from Ndubuisi Ekekwe on June 10, 2020, 11:25 PM

Uber cannot just get a break: it is possibly going to lose to Just Eat Takeaway on GrubHub, a food delivery service provider, it has tried to acquire to boost its business.

Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an American food ordering and delivery service.

Instead, Grubhub might be acquired by European-rival Just Eat Takeaway. The Wall Street Journal broke the difficult news for Uber. The company’s shares are off nearly 5% today after the news, while Lyft, its local rival in ride-hailing, is off a more modest 2.5%. (Techrunch newsletter)