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WSJ: Grubhub, Yelp announcing partnership expansion today

Published 03/19/2018, 08:00 AM
© Reuters.  WSJ: Grubhub, Yelp announcing partnership expansion today
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  • WSJ reports that GrubHub (NYSE:GRUB) and Yelp (NYSE:YELP) will announce extended partnerships today that will double the number of included U.S. restaurants to 80K.
  • The deal completes GrubHub’s $288M acquisition of Yelp’s Eat24 restaurant delivery directory.
  • Yelp will get an undisclosed cut of each GrubHub order placed through its website and app.
  • GrubHub CEO Matt Maloney says the increased scale will allow Grubhub to eventually cut delivery fees since drivers can make multiple deliveries in one trip.
  • Maloney: “I see a point where we could conceivably have extremely low if not free delivery for consumers.”
  • GrubHub shares are down 2.1% premarket.
  • Previously: Yum Brands and Grubhub announce strategic partnership (Feb. 8)
  • Now read: Facebook (NASDAQ:FB) Becomes Higher Risk


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