Merger discussions between Uber and Grubhub have continued, with the two companies attempting to decide on a reasonable exchange ratio.
“Grubhub CEO Matt Maloney spoke to Uber CEO Dara Khosrowshahi Sunday and indicated that Uber’s latest offer of 1.9 of its shares for each Grubhub share was too low… Khosrowshahi said he might be able to increase the offer to 1.925 Uber shares, but that is still well below the price Grubhub had been seeking, according to the Journal...A ratio of 1.925 would value Grubhub at roughly $62.50 a share.”
M. Corey Goldman, TheStreet Reporter
A number of politicians have already signaled opposition to the acquisition which does not bode well for the merger’s regulatory review process.