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Democratic senators flag Uber’s possible Grubhub deal over antitrust concerns

Democratic senators flag Uber’s possible Grubhub deal over antitrust concerns

In a brand new letter to the U.S. Federal Trade Commission and the Department of Justice, a bunch of Democrats within the Senate urge regulators to “intently monitor the negotiations” between Uber and Grubhub and to provoke an antitrust investigation if a rumored deal between the 2 corporations involves cross.

In a letter signed by Senators Amy Klobuchar, Patrick Leahy, Richard Blumenthal and Cory Booker, the lawmakers warning {that a} merger between Uber’s meals supply service Uber Eats and its competitor Grubhub would result in “severe competitors points” and a market dominated by solely two remaining gamers. They additionally referred to as consideration to the distinctive leverage meals supply corporations have over gig staff and eating places proper now as these providers see explosive development from new customers searching for to get meals safely throughout the disaster.

AOC and Elizabeth Warren name for a freeze on large mergers because the coronavirus disaster unfolds

“As our nation grapples with the various well being and security challenges led to by the coronavirus (COVID-19) pandemic, many shoppers have turned to meals supply apps to order meals on-line, and lots of eating places have come to depend on the enterprise they get by way of these apps to remain afloat,” the group of lawmakers wrote.

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Following a Wall Street Journal report on the potential merger final week, House antitrust subcommittee chair Rep. David Cicilline referred to as it “a brand new low in pandemic profiteering.”

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With pandemic-era acquisitions, large tech is again within the antitrust crosshairs

 

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