FILE PHOTO: A deliveryman for Uber Eats rides a bike in Paris during a lockdown imposed to slow the spread of the coronavirus disease (COVID-19) in France, France, April, 1, 2020. REUTERS/Gonzalo Fuentes/File Photo
(Reuters) – U.S. Senator Amy Klobuchar on Sunday blasted merger talks between ride-hailing firm Uber Technologies Inc (UBER.N) and online food delivery company Grubhub Inc (GRUB.N), calling any deal bad for competition and consumers.
The two companies have discussed an all-stock combination, Reuters reported earlier this month. A merger would give Uber Eats’ money-losing food delivery service a leg up on market leader DoorDash at a time when the coronavirus pandemic has upended Uber’s business of shuttling people from place to place.
“If Uber takes over Grubhub it isn’t good for competition and it isn’t good for you,” the Democrat from Minnesota tweeted. “When big companies corner the market it usually means more for them and less for you, especially in a…
Source Reuters Tech News
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