Uber Freight, the rideshare company’s trucking division, said Thursday it’s acquiring Transplace in a deal that values the transportation logistics company at $2.25 billion. Uber Freight will acquire Transplace from TPG Capital, the private equity platform of alternative asset firm TPG. The deal consists of up to $750 million in common stock of Uber and …
Continue reading “Uber to buy a company that makes software to manage shipping for $2.25 billion”
Uber is acquiring the remaining 47% interest in grocery delivery start-up Cornershop in an all-stock transaction, the company said Monday. The acquisition shows how Uber is investing more outside its core ride-hailing business, which has so far failed to prove profitable. The deal comes nearly two years after Uber bought a majority stake in Cornershop for an undisclosed sum. Cornershop …
Continue reading “Uber is buying the rest of grocery delivery start-up Cornershop”
Gopuff is acquiring Liquor Barn for an undisclosed amount. It’s the latest in a string of deals including last year’s $350 million acquisition of BevMo. In March, Gopuff raised capital at an $8.9 billion valuation. Gopuff founders Yakir Gola and Rafael IlishayevSource: Dinah W. Brin Delivery start-up Gopuff is acquiring Liquor Barn for an undisclosed …
Continue reading “Delivery company Gopuff acquires Liquor Barn, continuing its retail expansion”
On-demand goods, food and alcohol delivery service Gopuff has acquired fleet management platform rideOS for $115 million, sources familiar with the deal say. This acquisition comes just a few months after the Philadelphia-based startup announced a $1.15 billion funding round at a $8.9 billion valuation, up from $3.9 billion in October. Last fall, the company also raised $380 …
Continue reading “Delivery service Gopuff acquires rideOS for $115 million”
Dive Brief: Following the Tuesday closure of Just Eat Takeaway.com’s acquisition of Grubhub, Matt Maloney, Grubhub founder and CEO, has become a member of JET Management Board while Grubhub President and CFO Adam DeWitt has been promoted to CEO, according to a press release. Maloney will be one of four executives running the global business, with …
A year after entering a merger plan with Just Eat Takewaway.com, Grubhub is defending itself against a handful of shareholder lawsuits. In all, 14 lawsuits have hit the courts alleging various issues in the merger agreement. One suit alleges the company violated key Securities Exchange Commission (SEC) guidelines, another alleges the sale process was flawed …
Continue reading “Grubhub Responds to Multiple Merger Lawsuits”
delivery.com today announced that it will power local online food and alcohol ordering and delivery in Nashville suburbs Brentwood, Franklin, Thompson Station and Spring Hill, Tennessee. The Franklin market was formerly operated by a Delivery Dudes licensee, who now joins the delivery.com platform to serve consumers and corporate clients. This market is now available on the delivery.com website and app. delivery.com now connects …
Continue reading “Former Delivery Dudes market in Franklin, TN is joining delivery.com”
DoorDash Inc., the largest food-delivery company in the U.S., is seeking acquisitions in Europe, adding another well-capitalized competitor to an already crowded market. The company has made inquiries about potential food delivery targets in Europe, according to people familiar with the matter, who asked not to be named discussing private information. Germany and the U.K. …
Continue reading “DoorDash Goes on European Deal Hunt Just Months After IPO”
What started three years ago as one of the first restaurant-to-home delivery services in South Mississippi boomed during the pandemic and now is Bite Squad. Anthony Depreo said he founded Tiki Delivery in Diamondhead in May 2018 as “a one man show,” contracting with three restaurants in Bay St. Louis for delivery service. In December …
Continue reading “Waitr buys MS Coast restaurant delivery service. What’s next includes a new name”
Just Eat Takeaway.com on Wednesday laid out its plan to gain market share by expanding its delivery network, investing in customer acquisition and lowering fees across its 23 global markets—which will soon include the U.S. The Amsterdam-based delivery company is in the process of acquiring Grubhub in a $7.3 billion transaction set to be completed in the first half of …
Continue reading “GRUBHUB’S NEW OWNER OFFERS GLIMPSE OF POTENTIAL U.S. STRATEGY”
