FILE PHOTO: Signage for Just Eat is seen on the window of a restaurant in London, Britain, August 5, 2019. REUTERS/Toby Melville.
(Reuters) – European food ordering firm Just Eat Takeaway.com NV (TKWY.AS) said on Wednesday it was in advanced talks to buy Grubhub Inc (GRUB.N) in an all-stock deal.
Grubhub was also approached by ride-hailing firm Uber Technologies Inc (UBER.N) in May for an all-stock deal.
Uber, however, is now close to exiting the deal, CNBC reported on Wednesday.
Uber did not immediately respond to a request for comment.
Experts say consolidation is long overdue in the food-delivery space, where demand is surging, especially as many people stay-at-home to combat the spread of the novel coronavirus.
Reporting by Greg Roumeliotis in New York, Akanksha Rana in Bengaluru and Toby Sterling; Editing by Ramakrishnan M.
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