Kirkland & Ellis LLP advised Grubhub Inc. (NYSE: GRUB), the nation's leading online and mobile food ordering company, on its agreement to acquire Yelp Inc.’s (NYSE: YELP) online food-ordering business, Eat24, for $287.5 million. The acquisition is part of a long-term partnership between Grubhub and Yelp designed to capitalize on each company’s unique assets and propel online takeout and delivery. Together, Grubhub and Eat24 will create the largest network of restaurants offering online and mobile food ordering in the United States. The acquisition is subject to customary closing conditions. The full press release is available here.
The Kirkland team was led by corporate partners Daniel Wolf and Laura Sullivan and associate Andy Fleischman; technology and IP transactions partner Seth Traxler and associate Matthew Colman; and tax partner David Grenker and associate Adam Kool.