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Uber reportedly offers to buy GrubHub

Dan Primack, author of Pro Rata

Illustration: Sarah Grillo/Axios

Food delivery stalwart Grubhub received a takeover offer from Uber, a primary competitor in the space, Bloomberg reports. Grubhub's shares spiked 25% on the news.

Why it matters: Consolidation has been widely anticipated in the restaurant meal delivery space, which has seen increased demand amid the coronavirus pandemic, as companies like Uber and DoorDash have been hemorrhaging money in a race for market share.

Update: The Wall Street Journal reports that the offer is all-stock.

Go deeper: GrubHub sees Q1 revenue growth but increased losses

Go deeper

Naomi Shavin
Aug 12, 2020 - Podcasts

The fight over the future of ridesharing

On Monday, a California superior court judge ruled that Uber and Lyft should classify drivers as employees, not temporary contractors. Both companies plan to appeal, and on Wednesday, Uber’s CEO said that the company would have to temporarily stop operating in California if the ruling is upheld.

Axios Re:Cap examines the legal battle and what comes next with the New York Times' Mike Isaac, author of “Super Pumped: The Battle for Uber.”

Caitlin Owens, author of Vitals
20 mins ago - Health

New data reignites the debate over coronavirus vaccine strategy

Illustration: Eniola Odetunde/Axios

New research is bolstering the case for delaying second doses of coronavirus vaccines.

Why it matters: Most vulnerable Americans remain unvaccinated heading into March, when experts predict the more infectious virus variant first found in the U.K. could become dominant in the U.S.

Go deeper (2 min. read)Arrow
Joann Muller, author of Navigate
20 mins ago - Politics & Policy

Rail's big moment is arriving

Illustration: Sarah Grillo/Axios

Passenger rail could be the big winner if Congress moves ahead with President Biden's ambitious infrastructure plan.

Why it matters: There's long been bipartisan support for rebuilding America's crumbling infrastructure, but under Biden, the focus has shifted to sustainable projects that fulfill both his climate and equity goals, such as rail transit.

Go deeper (2 min. read)Arrow