https://wccftech.com/uber-nyse-uber-looking-to-offer-750-million-of-new-notes-to-finance-potential-acquisitions-is-a-grubhub-nyse-grub-takeover-closer-than-it-looks/

Uber (NYSE:UBER) rattled the food delivery segment when reports emerged on Tuesday that it was exploring a potential buyout of Grubhub (NYSE:GRUB) – an online food ordering and delivery service that competes with Uber Eats. Although CNBC’s reporting on the matter yesterday appeared to imply that the deal was far from certain, a fresh development today seems to indicate that the negotiations may have graduated to an advanced stage.

Uber has now proposed the offering of senior notes, bearing a principal amount of $750 million and maturing in 2025. According to the company’s press release, the notes will be offered to qualified institutional investors. In a crucial caveat, the press release states: