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What’s GrubHub Cooking Up?

What’s GrubHub Cooking Up?

GrubHub (GRUB) has recently closed on a deal to acquire mobile ordering and payment platform LevelUp. The transaction was valued at $390 million, and GrubHub paid for it using cash on hand supplemented by cash available under an existing credit facility. GrubHub’s cash holdings at the end of the second quarter stood at $442.7 million.