Orrick has advised Yelp (NYSE: YELP) on its sale of online food-ordering business, Eat24, to Grubhub Inc. (NYSE: GRUB) 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 Orrick team was led by partners Mark Seneca and Harold Yu and included Steve Malvey, Glynna Christian, Nikki Mondschein, Ramin Tohidi, Chris Trester, Michael Ruiz, Kevin Kearney, Pat Zeigler, Christine McCarthy and Garret Rasmussen.