Although not the origin* of the phrase "In the land of the blind the one-eyed man is King," that's sort of how I think of the food delivery companies.
From CNBC:
- Grubhub has received interest from at least two European companies -- Delivery Hero and Just Eat Takeaway.com -- as potential acquirers, according to people familiar with the matter.
- A deal with a European buyer would likely be an easier sell to regulators.
- Uber’s talks with Grubhub continue and could still strike a deal to buy the third-largest U.S. delivery service.
Grubhub is fielding interest from at least two European food delivery companies as antitrust concerns have clouded the chances of an Uber acquisition, according to people familiar with the matter.
Netherlands-based Just Eat Takeaway.com and German company Delivery Hero have expressed interest in merging with Grubhub, according to people familiar with the matter, who asked not to be named because the discussions are private.....MUCH MORE
Shares of Grubhub were up nearly 8% on the news by mid-afternoon on Friday.
Just Eat Takeaway.com is working with Bank of America as an adviser, the people said.
Spokesmen at Just East Takeaway and Bank of America declined to comment. A Delivery Hero spokesman declined to comment on specifics but added, “As the world’s leading local delivery platform, we are committed to invest in sustainable growth and gain leadership positions in the markets we operate in. Being a global leader in the delivery industry, we are regularly looking at potential transactions to evaluate new opportunities.” ...
*in regione caecorum rex est luscus —ca. 1500
and much earlier:
"בשוק סמייא צווחין לעווירא סגי נהור", meaning "In the street of the blind, the one-eyed man is called the Guiding Light".ca.4th or 5th century CE
