Grubhub to power food delivery for Groupon in more than 1,100 cities
Today Groupon (www.groupon.com)
(NASDAQ: GRPN) and Grubhub (www.grubhub.com)
(NYSE: GRUB) announced a strategic partnership to bring food delivery to
Groupon customers throughout the United States. As part of the deal,
Groupon and Grubhub have entered into a commercial agreement that will
allow Groupon to provide users with the ability to order food delivery
from Grubhub's 55,000 restaurant partners via the Groupon platform and
is expected to enable people to redeem Groupon deals when they order
Grubhub delivery via Groupon.
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"We're thrilled to join forces with Grubhub to vastly expand the number
of food delivery options available through our marketplace," said Rich
Williams, CEO, Groupon. "This partnership connects two of the biggest
players in local commerce and is a win for both consumers and
restaurants by providing people with more savings and access to the food
they want, when they want it."
"As a leader in local delivery, we're always looking for more ways to
make it easier for diners to find and order food wherever they may be,"
said Matt Maloney, CEO, Grubhub. "Groupon's massive, active mobile
audience - and great savings opportunities - will help drive new
customers and more order volume for our restaurant partners, further
enhancing the value of the Grubhub network."
In addition to the commercial agreement, Grubhub is acquiring certain
assets in 27 company-owned OrderUp food delivery markets from Groupon.
Grubhub will also power food ordering and delivery for the company's
Groupon To Go markets. Terms of the agreements were not disclosed.
Groupon (NASDAQ: GRPN) is building the daily habit in local commerce,
offering a vast mobile and online marketplace where people discover and
save on amazing things to do, see, eat and buy. By enabling real-time
commerce across local businesses, travel destinations, consumer products
and live events, shoppers can find the best a city has to offer.
Groupon is redefining how small businesses attract and retain customers
by providing them with customizable and scalable marketing tools and
services to profitably grow their businesses.
To download Groupon's top-rated mobile apps, visit www.groupon.com/mobile.
To search for great deals or subscribe to Groupon emails, visit www.groupon.com.
To learn more about the company's merchant solutions and how to work
with Groupon, visit www.groupon.com/merchant.
Grubhub (NYSE: GRUB) is the nation's leading online and mobile takeout
food-ordering marketplace with the most comprehensive network of
restaurant partners and largest active diner base. Dedicated to moving
eating forward and connecting diners with the food they love from their
favorite local restaurants, the company's platforms and services strive
to elevate food ordering through innovative restaurant technology,
easy-to-use platforms and an improved delivery experience. Grubhub is
proud to work with more than 55,000 restaurant partners in over 1,100
U.S. cities and London. The Grubhub portfolio of brands includes
Grubhub, Seamless, AllMenus, and MenuPages.
To find takeout restaurants available in your area, check out grubhub.com/lets-eat.
If you are interested in becoming part of the Grubhub Delivery team,
please visit driver.grubhub.com.
To find out how your restaurant can join Grubhub, go to get.grubhub.com.
If you'd like to learn more about Grubhub and its portfolio of brands,
navigate to newsroom.grubhub.com.
Note on Forward-Looking Statements
The statements contained in this release that refer to plans and
expectations for the future are forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended, that
involve a number of risks and uncertainties, and actual results could
differ materially from those discussed. The words "may," will," should,"
"could," "expect," anticipate," "believe," "estimate," intend,"
"continue" and other similar expressions are intended to identify
forward-looking statements. These forward-looking statements involve
risks and uncertainties that could cause our actual results to differ
materially from those expressed or implied in our forward-looking
statements. Such risks and uncertainties include, but are not limited
to, difficulties, delays or our inability to successfully complete all
or part of the announced transactions or to realize the benefits of such
transactions. For additional information regarding these and other risks
and uncertainties, we urge you to refer to the factors included (i)
under the headings "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" in Groupon's
Annual Report on Form 10-K for the year ended December 31, 2016 and in
Groupon's other filings with the Securities and Exchange Commission (the
"SEC"), copies of which may be obtained by visiting the company's
Investor Relations web site at http://investor.groupon.com
or the SEC's web site at www.sec.gov,
and (ii) under the headings "Risk Factors" and "Management's Discussion
and Analysis of Financial Condition and Results of Operations" in
Grubhub's Annual Report on Form 10-K for the year ended December 31,
2016 and in Grubhub's other filings with the SEC, copies of which may be
obtained by visiting the company's Investor Relations web site at https://investors.grubhub.com/investors
or the SEC's web site at www.sec.gov.
You should not rely upon forward-looking statements as predictions of
future events. Although Groupon and Grubhub believe that the
expectations reflected in the forward-looking statements are reasonable,
they cannot guarantee that the future results, levels of activity,
performance or events and circumstances reflected in the forward-looking
statements will be achieved or occur. Moreover, neither the companies
nor any other person assumes responsibility for the accuracy and
completeness of the forward-looking statements. The forward-looking
statements reflect Groupon's and Grubhub's expectations as of the date
of this release. Groupon and Grubhub undertake no obligation to update
publicly any forward-looking statements for any reason after the date of
this release to conform these statements to actual results or to changes
in its expectations.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170731006132/en/
Bill Roberts, 312-459-5191
News Provided by Acquire Media