Dutch food-ordering company close to buying Grubhub

European food ordering firm Just Eat Takeaway.com said on Wednesday it was in advanced talks to buy Grubhub in an all-stock deal.

Grubhub was also approached by ride-hailing firm Uber 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.

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