Seamless, GrubHub to combine food delivery businesses

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HFA Staff
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Two of the most prominent companies in the North American online food delivery market, Grubhub and Seamless, have merged, creating a company that will represent more than 20,000 restaurants in 500 cities across the United States. The deal is still subject to regulatory approval. Online food ordering has become a huge market, but it has huge benefits for being a big player, and few to be neck in neck with a competitor. Like other online brands, like Netflix, Inc. (NASDAQ:NFLX), Google Inc (NASDAQ:GOOG) or Amazon.com, Inc. (NASDAQ:AMZN), food delivery will benefit from a single marketable name. It’s likely that the…

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The post above is drafted by the collaboration of the Hedge Fund Alpha Team.