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GrubHub: Street May be Overestimating Acquisition Payoffs, Says Credit Suisse

GrubHub may take longer to see the benefits of its acquisitions, including the "Eat24" division of Yelp that it is buying, says Credit Suisse's Paul Bieber, prompting him to cut his rating on the stock to Hold, as shares already bake in a pricey multiple of next year's potential earnings.
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Yelp Q2 Surges 19%: Sells ‘Eat24? to GrubHub, Sets $200M Buyback

Business & Finance / Investing : Tech Trader Daily

Yelp shares surged by 19% after it beat quarterly expectations, raised its year revenue outlook, set a $200 million share buyback authorization, and said it will sell its "Eat24" unit to GrubHub for almost $300 million as part of a ...

Tech Today: Taiwan Semi Losing Apple? Yelp Jumps, CUDA Drops, EOPN Plunges

Business & Finance / Investing : Tech Trader Daily

Here are some things going on today in your world of tech: Shares of local listings service Yelp (YELP) are up $2.82, over 5%, at $56.65, after Merrill Lynch’s Paul Bieber raised his rating on the stock to Buy from Hold, citing high...

Yelp Soars 27%: Street Dazzled by ‘Eat24? Sale, GrubHub Partnership; a ‘Win/Win’

Business & Finance / Investing : Tech Trader Daily

Yelp shares soared after it said Thursday night it will sell its "Eat24" food-ordering business to GrubHub, which analysts today view as a "win-win" for the two, expanding the "scale" of Yelp's operations and bringing in a bunch of ...

Yelp is selling Eat24 to Grubhub for $287.5 million

Business & Finance : Business Insider: Clusterstock

Yelp is selling its Eat24 food delivery service to Grubhub for $287.5 million in cash, the company announced today. Yelp shares are up 19% in after hours trading on the news. Shares of Grubhub were up 1.6%. Yelp and Grubhub will ent...

Grubhub buys Yelp's Eat24 to tighten its grip on food delivery

Business & Finance : Mashable: Business

Two of the biggest names in restaurant-related tech are joining forces. Grubhub said Thursday that it will buy Yelp's Eat24 delivery service for $287.5 million in cash, sending Yelp's stock soaring as Wall Street cheered the deal. S...

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