Grubhub announced on Monday that it had agreed to be acquired by Eat24, a prominent online and app-based food delivery service. The acquisition is valued at $2.
6 billion and is expected to be finalized in the first half of 2019.
The deal could be a big win for Eat24, which has been struggling to keep up with the competition. Grubhub is the largest online and app-based food delivery service in the United States, with more than 30 million customers.
The acquisition could also be a big win for Grubhub’s investors, including Menlo Ventures, Index Ventures, and Thrive Capital. Eat24 is already the largest food delivery company in Denver, Chicago, Los Angeles, and San Francisco, so the addition of Grubhub’s more than 30 million customers will give the company even more reach.
The acquisition will also give Eat24 access to Grubhub’s technology and marketing resources. Grubhub is one of the most popular online and app-based food delivery services in the United States, so the addition of Eat24’s technology and marketing resources will give the company an edge over its competitors.
The acquisition is likely to benefit both companies’ customers. Grubhub’s customers will have access to Eat24’s delivery service, while Eat24’s customers will have access to Grubhub’s large customer base.
The acquisition is likely to be a win for both companies’ investors. Grubhub’s investors will have a valuable asset in Eat24, while Eat24’s investors will have a valuable asset in Grubhub.
