GrubHub, Seamless merge to create food takeout services giant
Rival food ordering platforms GrubHub and Seamless have signed a definitive agreement to merge their services. Financial terms were not disclosed. GrubHub co-founder and CEO Matt Maloney will serve as CEO of the new organization, with Seamless CEO Jonathan Zabusky installed as president. The company will announce its name and marketing brands following regulatory approval of the deal.
The combined GrubHub/Seamless will enable diners in more than 500 U.S. cities to order from more than 20,000 local takeout restaurants. In addition to their respective websites, the firms offer mobile apps across platforms including Apple's iOS, Google's Android and BlackBerry. In 2012, GrubHub and Seamless combined to send approximately $875 million in gross food sales to local takeout restaurants across all digital properties, with cumulative revenues eclipsing $100 million. Release