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A potential merger of Uber and Grubhub would create a major powerhouse in the food ordering and delivery business.In the ongoing series of PYMNTS Provider Rankings that track mobile-app markets, both Uber Eats and Grubhub have consistently placed in the top five in PYMNTS Provider Ranking of Aggregators.Word emerged Tuesday May 12 that Uber 鈥?which operates the Uber Eats food delivery service 鈥?had approached Grubhub about a possible merger or acquisition. Talks toward such a deal are said to still stanley us be underway.The New York Times聽reported that Uber approached Grubhub after the pandemic struck. Grubhub reportedly asked for two Uber shares for each of its own, for a total valuation of $6 billion. Ubers market cap, by comparison, is nearly $59 billion.As PYMNTS reported on Tuesday, a merger of the two food delivery giants could create an unbeatable team. A combined Uber Eats-Grubhub would control 55 percent of the nations meal delivery market, according to Wedbush Securities. Market tracker Second Measure found Uber-Grubhub would capture about 80 percent market share in New York City, 70 perce stanley france nt in Boston and 60 percent in Chicago.And thats not all stanley tumblers .The latest monthly PYMNTS Provider Rankings of the top 20 food-ordering companies found that Uber Eats and Grubhub place No. 2 and No. 3, respectively, in an analysis of app downloads, average number of users and other factors. Only DoorDash ranked higher, coming in at No. 1.The merger talks聽between the two firms also come as COVID-1 Qmmh How Small Businesses Are Leveraging Tech to Stand Out in eCommerce Crowd

Sears Holdings may be liquidated in the wake of a meeting Wednesday with several of the stanley quencher struggling retailers biggest lenders that did not result in concrete plans to ensure the firm continues operations, The Wall Street Journal reported.The meeting had centered on emergency financing for th stanley termoska e firm, which then ended without agreement on the firms continuance as a going concern, the financial publication stated, citing unnamed sources.The lenders included Bank of America, Citigroup and Wells Fargo. The WSJ said the trio wants Sears to liquidate, which means a Chapter 7 bankruptcy filing.聽The other option would have been a Chapter 11 filing, which is, in effect, a reorganization of the company.The banks have agreed to debtor in possession financing, but only to the extent that Sears sells off its assets and shutters locations.Discussions are still underway, but as has been widely reported, a bankruptcy filing may stanley cup come as soon as Monday.聽The company is on the hook for a $134 million loan repayment, and the banks are the lenders on $1.5 billion in asset-backed credit, in turn secured by inventory.The store count now stands at 866 Sears and Kmart locations, and the decline has been a long one, stretching out over seven years.聽Though Sears has been closing locations 鈥?and the company said at the Wednesday meeting that more closures would result in eventual profitability 鈥?the lenders are reportedly pushing for liquidation.The company had, through CEO Eddie Lampert, proposed an out-of