Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
Business

Grubhub to Buy Eat24 From Yelp 

The two companies also announced a five-year deal that will allow readers of Yelp's reviews to order food from restaurants that use Grubhub

In this Oct. 26, 2011, file photo, the logo of the online reviews website Yelp is shown in neon on a wall at the company's Manhattan offices in New York, photo: AP/Kathy Willens, File
4 months ago

NEW YORK – Grubhub plans to gobble up another online food-ordering rival: This time it’s Yelp Inc.’s Eat24.

Chicago-based Grubhub Inc. said Thursday that it will pay Yelp $287.5 million in cash for Eat24. That’s more than double what San Francisco-based Yelp paid to acquire Eat24 two years ago.

The two companies also announced a five-year deal that will allow readers of Yelp’s reviews to order food from restaurants that use Grubhub.


Grubhub said it will keep alive the Eat24 brand, which it said appeals to a younger demographic. Grubhub has acquired other competitors, including LAbite and DiningIn. Earlier this week, it announced a deal with online deals site Groupon, in which it will take over 27 markets of Groupon’s OrderUp food ordering service.

Grubhub shares dropped 1.5 percent in extended trading, while Yelp surged 19 percent. Both companies also reported results after the bell.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Fast-moving flames force people to flee ...

3 days ago
Entertainment

Prosecutors: No charges against conducto ...

3 days ago
Latest News

Southern snowfall isn't deep, but many f ...

3 days ago
Latest News

New Mexico school shooter left note plot ...

3 days ago
Most Popular

German Toolmakers Open up Shop in San Mi ...

By Ricardo Castillo
Business

BP Estimates Cost of 2010 Gulf Oil Spill ...

By The Associated Press
Business

Liverpool Will Buy Suburbia from Wal-Mar ...

By The News
Business

Next Month Sees Increase in Gasoline Pri ...

By The News
Business

SoftBank Buys Robotics Leader Boston Dyn ...

By The Associated Press
Business