The $2.65 billion deal will expand Uber's delivery business as its core ride-sharing service sees "massive headwinds" due to COVID-19.
The merger could spark further consolidation in a crowded business where large firms such as Uber Eats compete with a host of smaller companies.
Despite weighty challenges, positive financial signals abound for the high-profile firm, and its still relatively new management team wins strong plaudits.
The rapid rise of third-party delivery services is reshaping the restaurant business, says the CFO of fast-casual brand Firehouse Subs.
