Uber Technologies Inc (UBER)

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Shares of GrubHub Inc.(GRUB) are up more than 27% in Tuesday morning trading after Bloomberg News reported that Uber Technologies Inc.(UBER) has made an offer to acquire the food-delivery company (https://www.bloomberg.com/news/articles/ 2020-05-12/uber-approaches-grubhub-with-takeover-offer?sref=3zYETA5s). Shares were temporarily halted in the session but have since resumed trading. The Bloomberg report said that the two companies are in deal talks and may reach an agreement as early as this month. Uber(UBER) shares are up more than 7% in Tuesday's session. The ride-hailing company has seen growth in its Uber Eats food delivery arm even as the COVID-19 crisis has pressured its rides business. A GrubHub(GRUB) spokeswoman declined to comment. Uber(UBER) didn't immediately respond to MarketWatch's request for comment. Uber(UBER) shares have declined 17% over the past three months as GrubHub's(GRUB) stock has risen 16% and as the S&P 500 has fallen 13%.