|Bid||70.03 x 800|
|Ask||69.98 x 1200|
|Day's Range||69.62 - 70.67|
|52 Week Range||29.35 - 80.25|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 28, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||57.80|
Delivery Hero stock climbed to record highs on Friday, as the German online takeout food company said orders had almost doubled amid the coronavirus pandemic.
By John Jannarone goPuff’s delivery volume rose 400% in the first half of 2020, according to sources goPuff now reaches 500 cities through over 200 distribution facilities Raised $1 billion from investors including Accel and SoftBank Vertical integration provides better customer experience and margins goPuff’s rapid expansion gives it head start and wide moat versus […]
Bidding for the division will likely continue until mid month, CNBC's David Faber said Wednesday. Now, Prosus is redirecting those funds to eBay’s Classifieds business, according to Bloomberg’s latest report on the process. Although Ebay backed off the new high and was up just 0.5% at $52.70 in afternoon trading, the company has been a winner amid the coronavirus crisis.
Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Grubhub Inc. (NYSE: GRUB) to Just Eat Takeaway.com N.V. (AMS: TKWY, LSE: JET) ("Just Eat"). Under the terms of the proposed transaction, shareholders of Grubhub will receive only 0.6710 shares of Just Eat for each share of Grubhub that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
Last November, Uber (NYSE: UBER) CEO Dara Khosrowshahi outlined the company's strategy for its food delivery business, Uber Eats. What was left unspoken in that message was that Uber would also pull out of markets where it didn't believe it could be one of the top two players, as it seeks to bring the historically unprofitable food delivery business out of the red. Since last October, Uber Eats has exited South Korea, India, Czech Republic, Egypt, Honduras, Romania, Saudi Arabia, Uruguay, and Ukraine, as it's eyed a pre-pandemic goal of reaching profitability on an adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) basis by the end of this year, which it since pushed back to 2021.
(Bloomberg) -- E-commerce group Prosus NV is in talks to increase its stake in iFood, Latin America’s biggest food delivery startup, amid a wave of consolidation in the industry, people with knowledge of the matter said.The Amsterdam-listed company has approached Just Eat Takeaway.com NV about buying part or all of its 33% holding in iFood, the people said, asking not to be identified because the information is private. Just Eat’s stake in the Brazilian company could fetch about $750 million to $1 billion in a sale, according to Bloomberg Intelligence analyst John Davies.Prosus, which is controlled by South African media and internet group Naspers Ltd., already has about a 55% interest in iFood, according to the investor’s 2019 annual report.“We love that business, and it’s run by a great team,” Prosus Chief Executive Officer Bob van Dijk said in an interview this week. “Just Eat Takeaway.com has said that they want to sell their shares, and obviously at the right price, we will certainly consider increasing our stake.”A representative for Prosus declined to comment further. A spokesperson for Just Eat Takeaway declined to comment, while a representative for iFood didn’t immediately respond to a request for comment outside regular business hours in Brazil. There’s no certainty the negotiations will lead to a transaction, and other suitors could emerge for the iFood stake, the people said.Food delivery deals have been heating up, with takeover battles emerging in recent months for Britain’s Just Eat Plc and Grubhub Inc. in the U.S. It’s also been one of the few sectors to benefit from the coronavirus pandemic, as customers stuck at home have turned to smartphone apps to order food from restaurants banned from offering table service.Just Eat Takeaway has pledged to explore exiting its iFood stake and said it would return about half the net proceeds to its shareholders. The group was formed earlier this year from Takeaway.com NV’s acquisition of Just Eat.Prosus also owns a stake in Indian delivery startup Swiggy and is the biggest shareholder of Germany’s Delivery Hero SE.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
(Bloomberg) -- Prosus NV is hoping EBay Inc. classifieds won’t be the auction that got away.Having lost an $8 billion battle to buy Just Eat Plc to Takeaway.com NV in January, the e-commerce group is the party to beat in a hotly-contested auction process for the EBay business, according to people familiar with the matter.By pursuing the EBay unit, potentially valued at as much as $10 billion, Prosus is looking to seal its biggest purchase since spinning off from South African technology giant Naspers Ltd. last year. Prosus holds assets including a stake in Chinese Internet giant Tencent Holdings Ltd., as well as businesses from Brazil to Germany in industries such as online food delivery and classified advertising.Naspers opted to separate Prosus -- in which it retains a majority holding -- in the hopes shareholders would assign more value to its investments around the world. While the listing in Amsterdam was a chance for Prosus to begin an aggressive acquisition spree, a big deal has yet to materialize.It also missed an opportunity to expand in the U.S. after the combined Just Eat Takeaway.com NV agreed to acquire Grubhub Inc. for $7.3 billion in June.With about $7 billion in cash and ample liquidity from a long-list of lenders, Prosus has the financial power to pursue large mergers and acquisitions and is on the lookout for opportunities, according to Chief Executive Officer Bob van Dijk.“I am excited about the deals that might happen because it would really reinforce the business we have,” he said in a phone interview this week. “The pipeline is looking quite healthy.”Prosus is competing with two bidders for EBay’s classified-advertising unit, according to people familiar with the matter. One is a consortium comprising buyout groups Blackstone Group Inc., Permira and Hellman & Friedman LLC and the other is Oslo-based online marketplace Adevinta ASA. Even some backers of these rival bids view Prosus as the heavy favorite, the people said.Representatives for EBay and Prosus declined to comment.EBay is seeking a sale of the unit at a time when market turmoil has hampered financing for leveraged buyouts, forcing companies to put a number of bidding processes on hold. The sale process is advanced and a decision on a winner is likely to happen in July, the people said.Prosus’s strong financial position and backing by Naspers will give it an edge in a tough environment for dealmaking. Winning the EBay bid could just be the fillip it needs for more M&A. Prosus’s shares declined 0.7% to 82.20 euros as of 12:01 p.m. Wednesday in Amsterdam.(Updates share price in final paragraph. A previous version of this story corrected the wording on timing of decision in penultimate paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Just Eat Takeaway’s gluttonous $7bn acquisition of Grubhub has whetted the appetites of its US food delivery rivals for a market share fight. Just a few weeks after Uber lost the chance to buy Grubhub it is eyeing up private rival Postmates. Postmates, last valued at $2.4bn, is a far smaller prize.
BALA CYNWYD, PA / ACCESSWIRE / June 30, 2020 / Brodsky & Smith, LLC reminds investors of investigations it is conducting regarding the following companies for possible breaches of fiduciary duty and other ...
According to reports, Uber has made an offer to buy Postmates for $2.6 billion. Yahoo Finance’s The Final Round panel break down the news and discuss what it means for the food delivery industry.
WILMINGTON, De., June 30, 2020 -- Rigrodsky & Long, P.A. announces that it is investigating: Finjan Holdings, Inc. (NASDAQ GS: FNJN) regarding possible breaches of.
A combination of Uber and Postmates would reduce the number of major U.S. players in food delivery to three, including Uber Eats/Postmates, DoorDash, and Grubhub.
According to the New York Times, Uber is in talks of buying Postmates for $2.6 billion. Yahoo Finance’s Heidi Chung breaks down the recent news coming out of Uber and what it means for the food delivery business.
It looks like Uber Technologies (NYSE: UBER) didn't abandon the mergers and acquisitions market after failing to buy food delivery specialist Grubhub (NYSE: GRUB). The Wall Street Journal reports Uber is now in talks to acquire Postmates for $2.6 billion in a deal that could be announced next week or even sooner. Failing a merger, Postmates may go public.
Chipotle (CMG) partners with Grubhub to rollout delivery services across the United States.
The number of confirmed cases of the coronavirus illness COVID-19 topped 10 million around the world and the death toll surpassed a half million over the weekend, and Florida, South Carolina and Nevada all recorded their highest number of new infections in a single day.
NEW YORK, NY / ACCESSWIRE / June 30, 2020 / Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the sale of the following companies are fair to shareholders. Halper Sadeh ...
Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. For those who have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago, the ride-hailing company was reportedly pursuing an acquisition of Grubhub, another food delivery company.
Shares of GrubHub Inc. got a 1.2% lift in premarket trading Monday, after the web-based food delivery company announced a partnership with Chipotle Mexican Grill Inc. , as the casual dining restaurant chain looks to expand its delivery footprint. Chipotle's stock rose 1.1% ahead of the open. The companies said Chipotle is available on GrubHub starting Monday. "We're happy to utilize Grubhub's expansive network to reach more Chipotle fans across the country," said Chipotle's Chief Marketing Officer Chris Brandt. Year to date, GrubHub shares have run up 42.0% and Chipotle's stock has climbed 23.4%, while the S&P 500 has lost 6.9%.
Chipotle Mexican Grill (NYSE: CMG) announced today that it is partnering with Grubhub, the nation's leading pickup and delivery marketplace with the largest network of restaurant partners, to expand its delivery footprint in the U.S. Chipotle and Grubhub have established a fully-integrated partnership to provide efficient operations and a seamless diner experience, ensuring food arrives as fresh and fast as possible. Available now, customers can order from Chipotle locations through the Grubhub app or Grubhub.com.
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Grubhub, Inc. (GRUB) in connection with the proposed acquisition of the company by Just Eat Takeaway.com N.V. (“Just Eat Takeaway”). Under the terms of the acquisition agreement, GRUB shareholders will receive American depositary shares representing 0.671 ordinary shares of Just Eat Takeaway for each GRUB share that they own.
SHAREHOLDER RIGHTS INVESTIGATION: Halper Sadeh LLP Continues to Investigate Whether the Following Mergers are Fair to Shareholders; Investors are Encouraged to Contact the Firm - IFF, GRUB, TORC NEW YORK, ...
New data from Edison Trends reveals plant-based meat alternatives are surging on food-delivery apps like Uber Eats and DoorDash. Yahoo Finance’s Heidi Chung joins Zack Guzman to discuss.