Netease technology news on June 6, according to foreign media reports, according to people familiar with the matter, at the time of antitrust concerns caused by the purchase of grubhub, an American delivery company, by Uber, the online car Hailing giant, the acquisition case encountered unexpected challenges, and at least two European delivery companies were interested in the acquisition.
People familiar with the situation said the Dutch based JustEatTakeaway.com Both delivery hero and Germany have expressed their intention to merge with grubhub, which may be the main opportunity for them to seek access to the US market. Influenced by the news, grubhubs share price rose nearly 8% on Friday afternoon, and the bid may help the companys valuation rise.
As executives talk openly about integration, takeout services in the US have been hard to make money. But according to data compiled by CrunchBase, both companies are well funded, JustEatTakeaway.com About $1 billion has been raised, and deliveryhero has received billions of historical capital from multiple sources.
Earlier this year, JustEatTakeaway.com With Amsterdam Takeaway.com After the merger, its market value exceeded $6 billion. Deliveryheros market value is close to $17 billion. Grubhub, with a market valuation of about $5.4 billion, has been negotiating a sale with Uber. The negotiations are still in progress and an agreement may still be reached.
Uber and grubhub have reportedly been haggling over the antitrust risks that could arise from the deal. Uber is still confident of completing the deal, two people familiar with the matter said. Grubhub is considering a variety of offers, some of which are all stock and some are cash plus stock, one of the people familiar with the matter said.
Grubhub is considering the market environment and regulatory risks to have the right deal structure with potential buyers, two people familiar with the matter said. Grubhub, which generates most of its revenue from the United States, now operates in more than 1600 cities and expands its business to London.
According to wedbush securities, the regulatory risk of working with a European company may be much lower than the Uber merger. Ubers acquisition will lead to the merger of the first and third largest takeout service companies in the United States, controlling about 55% of the market share. In terms of market share, doordash is the second largest take out service company in the United States. (small)
Source: Zhang Zutao, editor in charge of Netease Technology Report_ NT5054