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The Wall Street Journal reports that GrubHub, the food delivery service, "is considering strategic options including a possible sale amid increased competition and a recent decline in its shares." The story notes that the company is worth about $5 billion, down from $13 billion about a year ago.

One company said to be interested: Walmart, identified by Seeking Alpha as being the subject of enough trade chatter to make it worth noting.

The New York Post advances the story this way - reporting that in addition to Walmart, "Kroger, Albertsons and Ahold-Delhaize … have been reviewing how buying the Chicago company could help them with food delivery and groceries."

But it also notes that GrubHub is denying that it is for sale.

The Journal writes that "competition in the nascent food-delivery industry, which ferries takeout orders from restaurants to homes and businesses, has intensified as newcomers try to lure customers and grab market share with discounts and promotions. At the same time, restaurants are pushing back against the fees delivery companies charge, squeezing Grubhub and its competitors. Investors and analysts have said the industry needs consolidation, with many seeing room for little more than two major players."

Among the other players in the space - DoorDash (which has the largest market share, at about 37 percent), Postmates and Uber Eats.
KC's View:
Whether or not GrubHub is formally for sale, the notion of a food delivery service being bought by a major retailer is an intriguing one, since it would allow that retailer to own its delivery functionality to a greater extent than it does now.

I would applaud that, because it would move that retailer away from the Instacart model, in which all this stuff is just outsourced.