Reports emerged earlier this month that Uber is looking to acquire food-delivery startup GrubHub.
A group of four Democratic senators have written to the DOJ and FTC asking the agencies to closely scrutinise the potential deal on antitrust grounds.
The senators write the timing is particularly troubling during the pandemic, “when consumer demand has increased and when restaurants are more desperate for revenue than ever.”
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A group of four Democratic senators led by Sen. Amy Klobuchar sent a letter Wednesday to the Department of Justice (DOJ) and the Federal Trade Commission (FTC) asking them to “closely monitor” Uber’s potential acquisition of food-delivery startup GrubHub. Senators Patrick Leahy, Richard Blumenthal, and Cory Booker signed the letter along with Klobuchar.
Reports emerged earlier this month that Uber was in talks to acquire GrubHub as a way to bolster its Uber Eats revenues during the coronavirus pandemic — as Uber’s main ridesharing business has taken a massive hit while demand for food delivery skyrockets.
“A merger of Uber Eats and Grubhub would combine two of the three largest food delivery application providers and raise serious competition issues in many markets around the country,” the senators write. They say that …read more
Source:: Businessinsider – Tech