GrubHub Is Buying Yelp’s Food-Delivery Platform for $288 Million

"Another day, yet another major food-industry merger: GrubHub has gobbled up Eat24, Yelp’s delivery service for restaurants. The delivery giant paid a lot more than Yelp did when it bought the company just two years ago, too. The all-cash deal is worth $288 million, reports say, which is well over double the $134 million Yelp spent to acquire Eat24. The merger is effectively Yelp’s acknowledgment that food delivery — a hairybusiness proposition right now, to be sure — is best handled by someone, anyone, else."

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