Spectrum Equity Investors is paying $50 million for a minority stake in online food-ordering service SeamlessWeb, according to VentureWire. The New York-based site, which includes 7,000 restaurants in 27 cities, will be spun off from Aramark Holdings. SeamlessWeb’s CEO Jonathan Zabusky told VentureWire the company plans to expand its mobile offerings.
Author: Arlene Weintraub
Arlene is an award-winning journalist specializing in life sciences and technology. She was previously a senior health writer based out of the New York City headquarters of BusinessWeek, where she wrote hundreds of articles that explored both the science and business of health. Her freelance pieces have been published in USA Today, US News & World Report, Technology Review, and other media outlets. Arlene has won awards from the New York Press Club, the Association of Health Care Journalists, the Foundation for Biomedical Research, and the American Society of Business Publication Editors. Her book about the anti-aging industry, Selling the Fountain of Youth, was published by Basic Books in September 2010.
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