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July 31, 2017, 4:29 p.m. EDT

GrubHub, Groupon shares rise on food delivery partnership

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By Wallace Witkowski

Shares of GrubHub Inc. /zigman2/quotes/210404212/composite GRUB +1.07% and Groupon Inc. /zigman2/quotes/207356672/composite GRPN +2.63% both advanced in the extended session Monday after the companies announced a food delivery partnership deal. GrubHub shares rose 3% to $47.50 after hours, while Groupon shares rose 3.7% to $3.90. The partnership will allow Groupon users to order food delivery from GrubHub's 55,000 participating restaurants and allow them to redeem Groupon deals. Also, GrubHub will acquire 27 of Groupon's OrderUp food delivery markets under deal terms that were not disclosed.

/zigman2/quotes/210404212/composite
US : U.S.: NYSE
$ 69.87
+0.74 +1.07%
Volume: 1.47M
July 2, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.38 billion
Rev. per Employee
$370,043
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/zigman2/quotes/207356672/composite
US : U.S.: Nasdaq
$ 17.98
+0.46 +2.63%
Volume: 2.07M
July 2, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$501.70 million
Rev. per Employee
$400,965
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