Connect to share and comment

Shares of online food ordering company GrubHub soar in stock market debut

NEW YORK, N.Y. - Wall Street appears to be in the mood for takeout. Investors sent shares of GrubHub Inc. up nearly 50 per cent in early trading after an initial public offering that valued the online food ordering service at more than $2 billion. The company is one of four making their debuts as publicly traded companies Friday. The others include health data service IMS Health Inc., which raised about $1.3 billion in its return to the market. All four companies have risen by double-digit percentages in morning trading.

GrubHub, Seamless complete combination into single company, but will maintain separate brands

NEW YORK, N.Y. - Rivals Seamless and GrubHub said Friday that they have completed their combination, creating an online takeout company covering about 25,000 restaurants in 500 cities. The new company will operate under the name GrubHub Seamless, but both brands and their respective websites will continue to operate separately, company spokeswoman Allie Mack said. Financial terms were not disclosed. The deal had been announced in May.

Online takeout companies GrubHub and Seamless to merge

By Sarah McBride SAN FRANCISCO (Reuters) - Two of the nation's biggest online food delivery businesses said they are merging in a deal that they hope will drive more orders, in more cities, through their platforms.

Online takeout ordering services Seamless and GrubHub to combine, terms not disclosed

NEW YORK, N.Y. - Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S. Financial terms were not disclosed and it's unclear what the combined company will be called. GrubHub CEO Matt Maloney will become CEO, while Seamless CEO Jonathan Zabusky will serve as president, the companies said in a joint statement.
Syndicate content