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Grubhub said to explore sale in boon to Uber, DoorDash and others

Shares of Chicago-based food delivery service Grubhub are sharply higher in regular trading today after The Wall Street Journal reported that the company has hired external advisers to explore its “strategic” options, inclusive of a possible sale.

As CNBC noted following the Grubhub report, “Uber shares also spiked on the news, as investors bet consolidation in the crowded food-delivery industry would help the company.”

And as smaller losses are hot now in the IPO world, the move could help some yet-private companies get public.

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